Real Options in Engineering Design, Operations, and ManagementHarriet Black Nembhard, Mehmet Aktan Given that engineering flexibility can potentially provide a competitive advantage, the question then becomes: Precisely how valuable is this flexibility? However, traditional methods often fail to accurately capture the economic value of investments in an environment of widespread uncertainty and rapid change. The real options method represents th |
Contents
| 1 | |
Chapter 2 Real Options in Practice | 7 |
Chapter 3 Origins of Real Options in Engineering | 15 |
Chapter 4 Real Options in Manufacturing Operations | 23 |
Chapter 5 Real Options Valuation for Quality Improvement | 33 |
Chapter 6 Real Options in Outsourcing | 41 |
Chapter 7 Barriers to Real Options Adoption and Use in Architecture Engineering and Construction Project Management Practice | 53 |
Chapter 8 Identifying Real Options to Improve the Design of Engineering Systems | 75 |
Chapter 10 Real Options in Engineering Systems Design | 123 |
Chapter 11 Real Options Model for Workforce CrossTraining | 151 |
Chapter 12 Real Options Design for Sustainable Product Quality Management | 169 |
Chapter 13 Real Options in Nanotechnology RD | 187 |
Chapter 14 Real OptionsBased Analysis in Pharmaceutical Partnerships for Research and Development | 205 |
Real Option Super Lattice Solver Software | 219 |
| 241 | |
Back cover | 245 |
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Real Options in Engineering Design, Operations, and Management Harriet Black Nembhard,Mehmet Aktan No preview available - 2009 |
Common terms and phrases
alternative American call option Atatürk University benefits binomial lattice biotechnology companies call option cash flow complex cross-training decision discount rate discounted cash flow dynamic economic Engineering Systems ENPV environment Equation estimated evaluate example exchange rate exercise expansion expected profit expected value factors Figure firm flexible design green product impact implemented increase initial interval investment Journal Kazakidis Kulatilaka managerial million mining nanotechnology R&D Neufville node operating optimal option value ordinary product parameters partnership percent perspective pharmaceutical companies phase possible potential present value problem production system project management project value put option quality improvement program real options analysis real options approach real options models real options valuation risk-free risk-free interest rate scenarios screening models simulation single-deck bridge stage STOOIP strategy Super Lattice Solver supply chain network switching costs Systems Design tion uncertainty underlying assets value of flexibility variable volatility worker workforce