• DOI:10.1016/j.dss.2010.12.001
Corpus ID: 15362734

An Evolutionary Real Options Framework for the Design and Management of Projects and Systems with Complex Real Options and Exercising Conditions

@inproceedings{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 V. Babovic},
  booktitle={Decis. Support Syst.},
  year={2011}
}

• Stephen X. Zhang, V. Babovic
• Published in Decis. Support Syst. 2011
• Computer Science

To address the issue of decision support for designing and managing flexible projects and systems in the face of uncertainties, this paper integrates real options valuation, decision analysis techniques, Monte Carlo simulations and evolutionary algorithms in an evolutionary real options framework. The proposed evolutionary real options framework searches for an optimized portfolio of real options and makes adaptive plans to cope with uncertainties as the future unfolds. Exemplified through a… Expand

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