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In everyday life, private and public organisations are confronted with new technology developments, new business opportunities and societal changes presenting endless opportunities. To take advantage of these opportunities they need effective management strategies and system engineering approaches that deal with both technological complexit

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European gas and electricity markets have largely been liberalized. Due to the specific physical characteristics and public interest aspects of electricity and gas, and to the fact that the networks continue to be natural monopolies, these markets require careful design. In this class, it is analyzed what the market design variables are and