Postdoctoral Fellow (IES)

Job Description

IES is seeking a researcher to assist in the completion of a Real Options Analysis (ROA) project. Taking into account the uncertainties of climate change, sea level rise, extreme events probability, and socio-economic changes over time, the researcher is to develop the methods within the ROA framework to evaluate the economic viability of different engineering options in an adaptation pathways map for the coastal protection infrastructure. A minimum of 1 coastal location in Singapore is to be used as case study or scenario analysis, with comparison of simulated results between ROA and other techniques.

Qualifications

The ideal candidate should have one of the following:

• - PhD in Economics (with heavy quantitative emphasis) with familiarity in environmental or engineering contexts

• - PhD in Civil/Structural/Environmental Engineering with familiarity in the economic valuation or engineering economics

• - Quantitative Finance, Statistics, Mathematics, or any other quantitative valuation fields with familiarity in applying the stated methodologies in the project context

Demonstrated proficiency in:

• - Real Options Analysis

• - Monte Carlo method, or any similar simulation models

In addition, familiar in any 2 of the methods below serves as a gauge for the subject matter expertise required, in order of priority:

• - Black-Scholes

• - Binomial lattices

• - Uncertainty modelling

• - Non-market valuation of ecological features

• - Conventional cost-benefit analysis

Proficiency in the following tools:

• - Excel

• - SIPmath modeler

• - XL Tree

Alternatively, the researcher may propose scripting tools such as R or Python.