Institutional Research Information Service
UCL Logo
Please report any queries concerning the funding data grouped in the sections named "Externally Awarded" or "Internally Disbursed" (shown on the profile page) to your Research Finance Administrator. Your can find your Research Finance Administrator at https://www.ucl.ac.uk/finance/research/rs-contacts.php by entering your department
Please report any queries concerning the student data shown on the profile page to:

Email: portico-services@ucl.ac.uk

Help Desk: http://www.ucl.ac.uk/ras/portico/helpdesk
Sandpit I: Airport Environmental Investment Toolkit
The aim of our project is to develop a prototype of financial toolkit that can facilitate airport managers to invest in technologies to meet the sustainability agenda. By creating a model based on Markov decision processes, we seek to optimise the sustainable technology investments in order not only to be profitable for the airport industry, but also to meet the environmental standards set either by the government or the society. The financial model is composed of two interrelated models: (1) a short-run and (2) a long-run model. The first model addresses the short-run problem posed by the running and maintenance of the project, that is, to satisfy budget and time requirements. The long-run model analyses the optimal investment level necessary to implement the investment. The two models are correlated because the optimal solution of the long-term model, i.e. the steady-state solution, represents one of the constraints for the solution of the short-term model. Moreover, we introduce in our model the optimisation factor of Corporate Social Responsibility (CSR) by investigating the financial benefits that an airport may obtain if its strategies are in accordance with the well-being of the society.
1 Researchers
 More search options
Status: Complete
University College London - Gower Street - London - WC1E 6BT Tel:+44 (0)20 7679 2000

© UCL 1999–2011

Search by