The identification of infrastructure critical to regional rail freight operations has many implications. Primarily, such a process informs policy-makers and directs funding to areas of high importance and/or greatest need. For the Chicago Metropolitan Agency for Planning (CMAP), analysts at Cambridge Systematics developed an infrastructure identification process designed to evaluate which key a...

This paper considers co-investment in a supply chain infrastructure using an inter-temporal model. We assume that firms’ capital is essentially the supply chain’s infrastructure. As a result, firms’ policies consist in selecting an optimal level of employment as well as the level of co-investment in the supply chain infrastructure. Several applications and examples are presented and open-loop, ...

The productivity e¤ect of public infrastructure investment is controversial in the traditional literature using aggregate production function estimation, mainly due to reverse causality. This paper develops a new approach, using a model of endogenous productivity in a …rm-level production function, and matching Chinese …rm-level production data with province-level infrastructure data. The estim...

Municipal infrastructure is a fundamental facility for the normal operation and development of an urban city and is of significance for the stable progress of sustainable urbanization around the world, especially in developing countries. Based on the municipal infrastructure data of the prefecture-level cities in China, municipal infrastructure development is assessed comprehensively using a FA...

This project explores the problems faced by an independent system operator, when investing in new electrical infrastructure. The expansion of power generation and transmission capacities must be made to ensure the power system remains resilient under uncertain demand and economic conditions. Recently, higher emphasis has been placed on the environmental impact of new power plants, as energy com...

First passage model specifies a credit default, when the underlying drops below a certain barrier. An investment failure often occurs unexpectedly and involves significant losses to the project value, which makes a great similarity to a default event preventing the investor paying back its debt. In this paper we aim to link the two theories, where an investment failure is determined through the...

There is over the last few years a clear trend in Europe to privatise traditional govemmental tasks, also because of new EU legislation. Many of these tasks have traditionally been carried out by the govemment itself, largely because of the ‘natura1 monopoly’ argument. Examples of current and future privatisation polities are the telecommunication and energy sector. For transport infrastructure...