An Evolutionary Real Options Framework for the Design and Management of Projects and Systems with Complex Real Options and Exercising Conditions
@article{Zhang2011AnER, title={An Evolutionary Real Options Framework for the Design and Management of Projects and Systems with Complex Real Options and Exercising Conditions}, author={Stephen X. Zhang and Vladan Babovic}, journal={Management of Innovation eJournal}, year={2011} }
49 Citations
Valuing portfolios of interdependent real options using influence diagrams and simulation-and-regression: A multi-stage stochastic integer programming approach
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An approach for analyzing and managing flexibility in engineering systems design based on decision rules and multistage stochastic programming
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Design Catalogs: A Systematic Approach to Design and Value Flexibility in Engineering Systems
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The proposed process addresses the complexity of the design problem under uncertainty, recognizing that it is impossible to analyze all possible combinations of evolutions, and the flexible ways in which the system could adapt over time.
A Real Options Approach to the Design and Architecture of Water Supply Systems Using Innovative Water Technologies Under Uncertainty
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Water supply has become a priority for developed and developing nations of the world. Conventional water resources alone cannot meet the growing demand for water in urban cities. Management of the…
Valuing flexibilities in the design of urban water management systems.
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Using Real Options in the Optimal Design of Water Distribution Networks
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- 2015
AbstractWater supply systems have to satisfy water needs in terms of quantity and quality. The constant changes in urban areas require the regular adaptation of the water supply infrastructure to…
Real Options in Infrastructure: Revisiting the Literature
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- 2015
Infrastructure networks are essential to support the world’s economic development. Governments around the world, in both developed and developing economies, have dedicated significant shares of the…
Studying Flexible Design and Management Decision‐Making in Engineering Systems Using Simulation Games
- Business
- 2015
This paper presents the results of an empirical study of training procedures enabling flexibility in the design and management of emergency medical services (EMS) systems – an example of complex…
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