Real options for naval ship design and acquisition : a method for valuing flexibility under uncertainty
Thesis (S.M.)--Massachusetts Institute of Technology, Dept. of Ocean Engineering, September 2003.
| Main Author: | |
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| Other Authors: | |
| Format: | Thesis |
| Language: | eng |
| Published: |
Massachusetts Institute of Technology
2006
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| Online Access: | http://hdl.handle.net/1721.1/33422 |
| _version_ | 1811075116288704512 |
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| author | Gregor, Jeffrey Allen |
| author2 | Clifford A. Whitcomb. |
| author_facet | Clifford A. Whitcomb. Gregor, Jeffrey Allen |
| author_sort | Gregor, Jeffrey Allen |
| collection | MIT |
| description | Thesis (S.M.)--Massachusetts Institute of Technology, Dept. of Ocean Engineering, September 2003. |
| first_indexed | 2024-09-23T10:01:05Z |
| format | Thesis |
| id | mit-1721.1/33422 |
| institution | Massachusetts Institute of Technology |
| language | eng |
| last_indexed | 2024-09-23T10:01:05Z |
| publishDate | 2006 |
| publisher | Massachusetts Institute of Technology |
| record_format | dspace |
| spelling | mit-1721.1/334222019-04-11T14:06:53Z Real options for naval ship design and acquisition : a method for valuing flexibility under uncertainty Gregor, Jeffrey Allen Clifford A. Whitcomb. Massachusetts Institute of Technology. Dept. of Ocean Engineering. Massachusetts Institute of Technology. Dept. of Ocean Engineering. Ocean Engineering. Warships United States Design and construction Warships Purchasing United States Marine engineering United States Naval architecture United States Shipbuilding United States Thesis (S.M.)--Massachusetts Institute of Technology, Dept. of Ocean Engineering, September 2003. Includes bibliographical references (leaves 97-101). The United States Navy is facing a need for a novel surface combatant capability. This new system of ships must be deigned to meet the uncertainty associated with constantly changing required mission capabilities, threats, and technological advances. Flexibility in design and management will enable these systems to maximize their performance under changing conditions. Real options involve the 'right but not the obligation' to take a course of action. Real options embody the flexibility that allows projects to be continually reshaped, as uncertainty becomes resolved. This thesis seeks to identify and analyze the real options available for the design and acquisition of naval ships. This thesis also seeks to determine the value of these options and determine the best types and amount of flexibility to design into naval systems in order to maximize the value of the system over time under uncertain conditions. by Jeffrey Allen Gregor. S.M. 2006-07-13T15:23:06Z 2006-07-13T15:23:06Z 2003 2003 Thesis http://hdl.handle.net/1721.1/33422 62866147 eng M.I.T. theses are protected by copyright. They may be viewed from this source for any purpose, but reproduction or distribution in any format is prohibited without written permission. See provided URL for inquiries about permission. http://dspace.mit.edu/handle/1721.1/7582 101 leaves 5068097 bytes 5072276 bytes application/pdf application/pdf application/pdf n-us-ma Massachusetts Institute of Technology |
| spellingShingle | Ocean Engineering. Warships United States Design and construction Warships Purchasing United States Marine engineering United States Naval architecture United States Shipbuilding United States Gregor, Jeffrey Allen Real options for naval ship design and acquisition : a method for valuing flexibility under uncertainty |
| title | Real options for naval ship design and acquisition : a method for valuing flexibility under uncertainty |
| title_full | Real options for naval ship design and acquisition : a method for valuing flexibility under uncertainty |
| title_fullStr | Real options for naval ship design and acquisition : a method for valuing flexibility under uncertainty |
| title_full_unstemmed | Real options for naval ship design and acquisition : a method for valuing flexibility under uncertainty |
| title_short | Real options for naval ship design and acquisition : a method for valuing flexibility under uncertainty |
| title_sort | real options for naval ship design and acquisition a method for valuing flexibility under uncertainty |
| topic | Ocean Engineering. Warships United States Design and construction Warships Purchasing United States Marine engineering United States Naval architecture United States Shipbuilding United States |
| url | http://hdl.handle.net/1721.1/33422 |
| work_keys_str_mv | AT gregorjeffreyallen realoptionsfornavalshipdesignandacquisitionamethodforvaluingflexibilityunderuncertainty |