Abstract
Many regions in the world are protected against flooding by a dike, which may be either natural or artificial. We deal with a model for finding the optimal height of such a dike in the future. The model minimizes the sum of investment costs and expected damage costs. It is highly nonlinear, nonconvex, and infinite-dimensional. Despite this, it is shown that the model can be solved analytically. Our model has been used in the Netherlands to define legal safety standards for the coming decades.
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References
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Roos, K. (2018). A Mathematical Approach to Living on Sinking Ground. In: Al-Baali, M., Grandinetti, L., Purnama, A. (eds) Numerical Analysis and Optimization. NAO 2017. Springer Proceedings in Mathematics & Statistics, vol 235. Springer, Cham. https://doi.org/10.1007/978-3-319-90026-1_13
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DOI: https://doi.org/10.1007/978-3-319-90026-1_13
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