Open Daily: 10am - 10pm | Alley door pickup 10am - 7pm 3038 Hennepin Ave Minneapolis, MN
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  • Open Daily: 10am - 10pm
    Alley-side Pickup: 10am - 7pm

    3038 Hennepin Ave Minneapolis, MN
    612-822-4611

Open Daily: 10am - 10pm | Alley-side Pickup: 10am - 7pm
3038 Hennepin Ave Minneapolis, MN
612-822-4611
Real Options "in" Projects and Systems Design Identification of Options and Solution for Path Dependency

Real Options "in" Projects and Systems Design Identification of Options and Solution for Path Dependency

Wang, Tao

Paperback

Technology & Engineering

ISBN10: 3639103718
ISBN13: 9783639103717
Publisher: Blues Kids Of Amer
Published: Dec 19 2008
Pages: 344
Weight: 1.01
Height: 0.72 Width: 6.00 Depth: 9.00
Language: English
This book describes a comprehensive approach to identify and deal with real options in projects, that is, those real options (flexibility) that are integral parts of the technical design. It attempts to specify analytically the design parameters that provide good opportunities for flexibility for any specific engineering system. It proposes a two-stage integrated process: options identification followed by options analysis. The options identification stage discovers the design elements most likely to provide worthwhile flexibility, including a screening and a simulation model. Options analysis stage develops a stochastic mixed-integer programming model to value options. This approach decreases the complexity and size of the models at each stage and thus permits efficient computation. The framework developed is generally applicable to engineering systems. The book explores two cases in river basin development and satellite communications, showing significant value of real options in projects, in the form of increased expected net benefit and/or lowered downside risk.

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