Hedging risks in the C-ITS road-side unit investment case for Flanders : a real options approach

Cooperative intelligent transport systems (C-ITS) deployments for vehicle-to-infrastructure communication require substantial investments from European Member States in road-side units (RSUs) and in central traffic management systems. The promise of numerous societal benefits should justify these public investments. However, C-ITS uptake in passenger cars, and thus the subsequent societal benefits, are highly uncertain. Therefore, here, a case study of Flanders is presented in which real option analysis) is used to help road authorities assess the RSU investment opportunity. The framework comb... Mehr ...