1. Introduction

1.1. Overview of the course

2. Description of the case study

2.1. The topology of the electricity distribution grid

2.2. Uncertainty and scenario tree

3. Investment Economics

3.1. Investment delay (build time)

3.2. Option Value

4. The Case Study

4.1. Description

4.2. Option Value of Smart Charging versus Flexibility and Cost

4.3. Network Reinforcement versus Flexibility and Cost

4.4. The Excel file that is used

4.5. The stochastic optimization solution for each case

4.6. How the social cost affects the network reinforcement amount

4.7. How the social cost affects the level of Option Value

4.8. Key messages

5. Running the stochastic optimization model

5.1. Implementing the option value plots

5.2. The plot of Social Cost versus Network Reinforcement

5.3. The plot of Social Cost versus Option Value

6. Conclusions

6.1. Conclusions