A Teaching Note on “Real Options”
The engineering life is uncertain. We often need to make decisions now that we hope will be effective some years from now. One approach to this conundrum is to design “flexibility” into our projects, hedging against future uncertainties. This sounds reasonable and it is, but it is not “free”. Includ...
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| Format: | Working Paper |
| Language: | en_US |
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Massachusetts Institute of Technology. Engineering Systems Division
2016
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| Online Access: | http://hdl.handle.net/1721.1/102816 |