Abstract
This paper presents a real options approach to handling uncertainties associated with the long-term planning of water distribution system development. Furthermore, carbon emissions associated with the installation and operation of water distribution networks are considered. These emissions are computed by taking an embodied energy approach to the different materials used in water networks. A simulated annealing heuristic is used to optimise a flexible eco-friendly design of water distribution systems for an extended life horizon. This time horizon is subdivided into different time intervals in which different possible decision paths can be followed. The proposed approach is applied to a case study and the results are presented according to a decision tree. Lastly, some comparisons and results are used to demonstrate the quality of the results of this approach.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
