Carel Eijgenraam

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After the flood disaster in 1953 in the southwestern part of the Netherlands, Van Dantzig tried to solve the economic decision problem concerning the optimal height of dikes. His solution has a fixed probability of flooding after each investment. However, when there is economic growth, not the probability of flooding but the expected yearly loss by flooding(More)
Dike height optimization is of major importance to the Netherlands as a large part of the country lies below sea level and high water levels in rivers can cause floods. A cost-benefit analysis is discussed in Eijgenraam et al. (2010), which is an improvement of the model Van Dantzig (1956) introduced after a devastating flood in the Netherlands in 1953. We(More)
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