Searching for complex projects : 2 results found | RSS Feed for this search

ESD.71 Engineering Systems Analysis for Design (MIT) ESD.71 Engineering Systems Analysis for Design (MIT)

Description

Engineering systems design must have the flexibility to take advantage of new opportunities while avoiding disasters. This subject develops "real options" analysis to create design flexibility and measure its value so that it can be incorporated into system optimization. It builds on essential concepts of system models, decision analysis, and financial concepts. Emphasis is placed on calculating value of real options with special attention given to efficient analysis and practical applications. The material is organized and presented to deal with the contextual reality of technological systems, that substantially distinguishes the analysis of real options in engineering systems from that of financial options. Note This MIT OpenCourseWare site is based on the materials from Profes Engineering systems design must have the flexibility to take advantage of new opportunities while avoiding disasters. This subject develops "real options" analysis to create design flexibility and measure its value so that it can be incorporated into system optimization. It builds on essential concepts of system models, decision analysis, and financial concepts. Emphasis is placed on calculating value of real options with special attention given to efficient analysis and practical applications. The material is organized and presented to deal with the contextual reality of technological systems, that substantially distinguishes the analysis of real options in engineering systems from that of financial options. Note This MIT OpenCourseWare site is based on the materials from Profes

Subjects

real options | real options | flexibility | flexibility | flexible design | flexible design | engineering systems | engineering systems | complex projects | complex projects | evaluation over time | evaluation over time | risk | risk | uncertainty | uncertainty | valuation | valuation | timing | timing | uncertainty modeling | uncertainty modeling | flexibility valuation | flexibility valuation | methods | methods | design analysis | design analysis | lattice analysis | lattice analysis | monte carlo simulation | monte carlo simulation | flexibility identification. | flexibility identification.

License

Content within individual OCW courses is (c) by the individual authors unless otherwise noted. MIT OpenCourseWare materials are licensed by the Massachusetts Institute of Technology under a Creative Commons License (Attribution-NonCommercial-ShareAlike). For further information see http://ocw.mit.edu/terms/index.htm

Site sourced from

http://ocw.mit.edu/rss/all/mit-allcourses-ESD.xml

Attribution

Click to get HTML | Click to get attribution | Click to get URL

All metadata

See all metadata

ESD.71 Engineering Systems Analysis for Design (MIT)

Description

Engineering systems design must have the flexibility to take advantage of new opportunities while avoiding disasters. This subject develops "real options" analysis to create design flexibility and measure its value so that it can be incorporated into system optimization. It builds on essential concepts of system models, decision analysis, and financial concepts. Emphasis is placed on calculating value of real options with special attention given to efficient analysis and practical applications. The material is organized and presented to deal with the contextual reality of technological systems, that substantially distinguishes the analysis of real options in engineering systems from that of financial options. Note This MIT OpenCourseWare site is based on the materials from Profes

Subjects

real options | flexibility | flexible design | engineering systems | complex projects | evaluation over time | risk | uncertainty | valuation | timing | uncertainty modeling | flexibility valuation | methods | design analysis | lattice analysis | monte carlo simulation | flexibility identification.

License

Content within individual OCW courses is (c) by the individual authors unless otherwise noted. MIT OpenCourseWare materials are licensed by the Massachusetts Institute of Technology under a Creative Commons License (Attribution-NonCommercial-ShareAlike). For further information see https://ocw.mit.edu/terms/index.htm

Site sourced from

https://ocw.mit.edu/rss/all/mit-allcourses.xml

Attribution

Click to get HTML | Click to get attribution | Click to get URL

All metadata

See all metadata