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RAND Corporation visit to IFP School

May 10, 2017

Dr. Jeremy M. Eckhause from the RAND Corporation visited IFP School on April 6th-14th.

 

During his visit, Dr. Eckhause gave a set of lectures entitled “Employing Real Options to Mitigate Risk in Energy Investment Decisions” to the graduate students enrolled in the Energy and Markets program. He provided an overview on real options solutions techniques, including how to model certain problems such as Markov decision processes. His lectures also covered some of his recent research — applied to optimizing funding strategies for carbon capture initiatives in the EU and the US — which helped increase students’ awareness of the utility of real options models to evaluate optimal funding strategies of large, technologically uncertain projects.

 

Dr. Eckhause has over 15 years of experience developing mathematical optimization and simulation models for transportation, government and defense agencies in the United States. He has a B.A. in Mathematics from the University of Pennsylvania, an M.S.E. in Operations Research from Princeton University and a Ph.D. in Civil Engineering from the University of Maryland.

 

Founded in 1948, the RAND Corporation is a nonprofit institution that helps improve policy and decision-making through research and analysis.

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