Real Options in Engineering Design, Operations, and Management

1st Edition

Harriet Black Nembhard, Mehmet Aktan

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CRC Press
Published October 27, 2009
Reference - 253 Pages
ISBN 9780429141812 - CAT# KE81678

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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


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