An approach for analyzing and managing flexibility in engineering systems design based on decision rules and multistage stochastic programming

This article introduces an approach to assess the value and manage flexibility in engineering systems design based on decision rules and stochastic programming. The approach differs from standard Real Options Analysis (ROA) that relies on dynamic programming in that it parameterizes the decision var...

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Vydáno v:	IISE transactions Ročník 49; číslo 1; s. 1 - 12
Hlavní autoři:	Cardin, Michel-Alexandre, Xie, Qihui, Ng, Tsan Sheng, Wang, Shuming, Hu, Junfei
Médium:	Journal Article
Jazyk:	angličtina
Vydáno:	Taylor & Francis 01.01.2017
Témata:	decision rule Flexibility in engineering design real options analysis stochastic programming waste-to-energy system
ISSN:	2472-5854, 2472-5862
On-line přístup:	Získat plný text
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