Real Options in Engineering Design, Operations, and Management

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Publisher : CRC Press
ISBN 13 : 9781420071702
Total Pages : 253 pages
Book Rating : 4.0/5 (717 download)

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Book Synopsis Real Options in Engineering Design, Operations, and Management by : Harriet Black Nembhard

Download or read book Real Options in Engineering Design, Operations, and Management written by Harriet Black Nembhard and published by CRC Press. This book was released on 2009-10-27 with total page 253 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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 the new state-of-the-art technique for valuation and management of strategic investments, enabling corporate decision-makers to leverage uncertainty and limit downside risk. Real Options in Engineering Design, Operations, and Management presents and synthesizes the body of knowledge in the area of real options for engineering systems. Providing case studies and step-by-step computations of real options valuation, it covers engineering applications across different disciplines such as industrial and civil engineering, and computer science. The authors review financial-option research results, consider how to quantify engineering activities, and analyze optimal business strategies based on a variety of real option models. They integrate academic work on real options in engineering, current practice, and discussion of future needs and opportunities. Flexibility in decision making allows firms to compete more effectively in a world of substantial price and demand uncertainty, product variety, short product life cycles, and rapid product development. And with more frequent demands being placed on engineering systems to change, managers and manufacturing systems must react to events as they unfold. This book explores a real options modeling framework for engineering transitions that allows decision makers to capture and investigate several alternatives for improving an engineering system.

CIGOS 2021, Emerging Technologies and Applications for Green Infrastructure

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Publisher : Springer Nature
ISBN 13 : 9811671605
Total Pages : 1861 pages
Book Rating : 4.8/5 (116 download)

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Book Synopsis CIGOS 2021, Emerging Technologies and Applications for Green Infrastructure by : Cuong Ha-Minh

Download or read book CIGOS 2021, Emerging Technologies and Applications for Green Infrastructure written by Cuong Ha-Minh and published by Springer Nature. This book was released on 2021-10-28 with total page 1861 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book highlights the key role of green infrastructure (GI) in providing natural and ecosystem solutions, helping alleviate many of the environmental, social, and economic problems caused by rapid urbanization. The book gathers the emerging technologies and applications in various disciplines involving geotechnics, civil engineering, and structures, which are presented in numerous high-quality papers by worldwide researchers, practitioners, policymakers, and entrepreneurs at the 6th CIGOS event, 2021. Moreover, by sharing knowledge and experiences around emerging GI technologies and policy issues, the book aims at encouraging adoption of GI technologies as well as building capacity for implementing GI practices at all scales. This book is useful for researchers and professionals in designing, building, and managing sustainable buildings and infrastructure.

Flexibility in Engineering Design

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Publisher : MIT Press
ISBN 13 : 0262297337
Total Pages : 310 pages
Book Rating : 4.2/5 (622 download)

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Book Synopsis Flexibility in Engineering Design by : Richard De Neufville

Download or read book Flexibility in Engineering Design written by Richard De Neufville and published by MIT Press. This book was released on 2011-08-12 with total page 310 pages. Available in PDF, EPUB and Kindle. Book excerpt: A guide to using the power of design flexibility to improve the performance of complex technological projects, for designers, managers, users, and analysts. Project teams can improve results by recognizing that the future is inevitably uncertain and that by creating flexible designs they can adapt to eventualities. This approach enables them to take advantage of new opportunities and avoid harmful losses. Designers of complex, long-lasting projects—such as communication networks, power plants, or hospitals—must learn to abandon fixed specifications and narrow forecasts. They need to avoid the “flaw of averages,” the conceptual pitfall that traps so many designs in underperformance. Failure to allow for changing circumstances risks leaving significant value untapped. This book is a guide for creating and implementing value-enhancing flexibility in design. It will be an essential resource for all participants in the development and operation of technological systems: designers, managers, financial analysts, investors, regulators, and academics. The book provides a high-level overview of why flexibility in design is needed to deliver significantly increased value. It describes in detail methods to identify, select, and implement useful flexibility. The book is unique in that it explicitly recognizes that future outcomes are uncertain. It thus presents forecasting, analysis, and evaluation tools especially suited to this reality. Appendixes provide expanded explanations of concepts and analytic tools.

Introduction to Civil Engineering Systems

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Publisher : John Wiley & Sons
ISBN 13 : 1118415302
Total Pages : 1056 pages
Book Rating : 4.1/5 (184 download)

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Book Synopsis Introduction to Civil Engineering Systems by : Samuel Labi

Download or read book Introduction to Civil Engineering Systems written by Samuel Labi and published by John Wiley & Sons. This book was released on 2014-03-25 with total page 1056 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book presents an integrated systems approach to the evaluation, analysis, design, and maintenance of civil engineering systems. Addressing recent concerns about the world's aging civil infrastructure and its environmental impact, the author makes the case for why any civil infrastructure should be seen as part of a larger whole. He walks readers through all phases of a civil project, from feasibility assessment to construction to operations, explaining how to evaluate tasks and challenges at each phase using a holistic approach. Unique coverage of ethics, legal issues, and management is also included.

Complex Systems Design & Management

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Publisher : Springer Science & Business Media
ISBN 13 : 3642344046
Total Pages : 338 pages
Book Rating : 4.6/5 (423 download)

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Book Synopsis Complex Systems Design & Management by : Marc Aiguier

Download or read book Complex Systems Design & Management written by Marc Aiguier and published by Springer Science & Business Media. This book was released on 2012-10-19 with total page 338 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book contains all refereed papers that were accepted to the third edition of the « Complex Systems Design & Management » (CSD&M 2012) international conference that took place in Paris (France) from December 12-14, 2012. (Website: http://www.csdm2012.csdm.fr) These proceedings cover the most recent trends in the emerging field of complex systems sciences & practices from an industrial and academic perspective, including the main industrial domains (transport, defense & security, electronics, energy & environment, e-services), scientific & technical topics (systems fundamentals, systems architecture& engineering, systems metrics & quality, systemic tools) and system types (transportation systems, embedded systems, software & information systems, systems of systems, artificial ecosystems). The CSD&M 2012 conference is organized under the guidance of the CESAMES non-profit organization (http://www.cesames.net).

Predicting Outcomes of Investments in Maintenance and Repair of Federal Facilities

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Publisher : National Academies Press
ISBN 13 : 0309221862
Total Pages : 142 pages
Book Rating : 4.3/5 (92 download)

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Book Synopsis Predicting Outcomes of Investments in Maintenance and Repair of Federal Facilities by : National Research Council

Download or read book Predicting Outcomes of Investments in Maintenance and Repair of Federal Facilities written by National Research Council and published by National Academies Press. This book was released on 2012-03-01 with total page 142 pages. Available in PDF, EPUB and Kindle. Book excerpt: The deteriorating condition of federal facilities poses economic, safety, operational, and environmental risks to the federal government, to the achievement of the missions of federal agencies, and to the achievement of public policy goals. Primary factors underlying this deterioration are the age of federal facilities-about half are at least 50 years old-and decades of inadequate investment for their maintenance and repair. These issues are not new and there are no quick fixes. However, the current operating environment provides both the impetus and the opportunity to place investments in federal facilities' maintenance and repair on a new, more sustainable course for the 21st Century. Despite the magnitude of investments, funding for the maintenance and repair of federal facilities has been inadequate for many years, and myriad projects have been deferred. Predicting Outcomes of Investments in Maintenance and Repair of Federal Facilities identifies processes and practices for transforming the current portfolio of federal facilities into one that is more economically, physically, and environmentally sustainable. This report addresses ways to predict or quantify the outcomes that can be expected from a given level of maintenance and repair investments in federal facilities or facilities' systems, and what strategies, measures, and data should be in place to determine the actual outcomes of facilities maintenance and repair investments.

Complex Systems Design & Management Asia

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Publisher : Springer
ISBN 13 : 3319125443
Total Pages : 176 pages
Book Rating : 4.3/5 (191 download)

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Book Synopsis Complex Systems Design & Management Asia by : Michel-Alexandre Cardin

Download or read book Complex Systems Design & Management Asia written by Michel-Alexandre Cardin and published by Springer. This book was released on 2014-11-11 with total page 176 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book contains all refereed papers that were accepted to the first edition of the Asia-Pacific conference on « Complex Systems Design & Management » (CSD&M Asia 2014) that took place in Singapore from December 10 to December 12, 2014 (Website: http://www.2014.csdm-asia.net/). These proceedings cover the most recent trends in the emerging field of Complex Systems, both from an academic and a professional perspective. A special focus is put on Designing Smart cities. The CSD&M Asia 2014 conference is organized under the guidance of the Center of Excellence on Systems Architecture, Management, Economy and Strategy, CESAMES, non-profit organization, address: CESAMES, 8 rue de Hanovre, 75002 Paris, France ( Website : http://www.cesames.net/en).

Handbook of Engineering Systems Design

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Author :
Publisher : Springer Nature
ISBN 13 : 303081159X
Total Pages : 1040 pages
Book Rating : 4.0/5 (38 download)

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Book Synopsis Handbook of Engineering Systems Design by : Anja Maier

Download or read book Handbook of Engineering Systems Design written by Anja Maier and published by Springer Nature. This book was released on 2022-07-30 with total page 1040 pages. Available in PDF, EPUB and Kindle. Book excerpt: This handbook charts the new engineering paradigm of engineering systems. It brings together contributions from leading thinkers in the field and discusses the design, management and enabling policy of engineering systems. It contains explorations of core themes including technical and (socio-) organisational complexity, human behaviour and uncertainty. The text includes chapters on the education of future engineers, the way in which interventions can be designed, and presents a look to the future. This book follows the emergence of engineering systems, a new engineering paradigm that will help solve truly global challenges. This global approach is characterised by complex sociotechnical systems that are now co-dependent and highly integrated both functionally and technically as well as by a realisation that we all share the same: climate, natural resources, a highly integrated economical system and a responsibility for global sustainability goals. The new paradigm and approach requires the (re)designing of engineering systems that take into account the shifting dynamics of human behaviour, the influence of global stakeholders, and the need for system integration. The text is a reference point for scholars, engineers and policy leaders who are interested in broadening their current perspective on engineering systems design and in devising interventions to help shape societal futures.

Decision Making under Deep Uncertainty

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Publisher : Springer
ISBN 13 : 3030052524
Total Pages : 408 pages
Book Rating : 4.0/5 (3 download)

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Book Synopsis Decision Making under Deep Uncertainty by : Vincent A. W. J. Marchau

Download or read book Decision Making under Deep Uncertainty written by Vincent A. W. J. Marchau and published by Springer. This book was released on 2019-04-04 with total page 408 pages. Available in PDF, EPUB and Kindle. Book excerpt: This open access book focuses on both the theory and practice associated with the tools and approaches for decisionmaking in the face of deep uncertainty. It explores approaches and tools supporting the design of strategic plans under deep uncertainty, and their testing in the real world, including barriers and enablers for their use in practice. The book broadens traditional approaches and tools to include the analysis of actors and networks related to the problem at hand. It also shows how lessons learned in the application process can be used to improve the approaches and tools used in the design process. The book offers guidance in identifying and applying appropriate approaches and tools to design plans, as well as advice on implementing these plans in the real world. For decisionmakers and practitioners, the book includes realistic examples and practical guidelines that should help them understand what decisionmaking under deep uncertainty is and how it may be of assistance to them. Decision Making under Deep Uncertainty: From Theory to Practice is divided into four parts. Part I presents five approaches for designing strategic plans under deep uncertainty: Robust Decision Making, Dynamic Adaptive Planning, Dynamic Adaptive Policy Pathways, Info-Gap Decision Theory, and Engineering Options Analysis. Each approach is worked out in terms of its theoretical foundations, methodological steps to follow when using the approach, latest methodological insights, and challenges for improvement. In Part II, applications of each of these approaches are presented. Based on recent case studies, the practical implications of applying each approach are discussed in depth. Part III focuses on using the approaches and tools in real-world contexts, based on insights from real-world cases. Part IV contains conclusions and a synthesis of the lessons that can be drawn for designing, applying, and implementing strategic plans under deep uncertainty, as well as recommendations for future work. The publication of this book has been funded by the Radboud University, the RAND Corporation, Delft University of Technology, and Deltares.

Complex Systems Design & Management

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Author :
Publisher : Springer
ISBN 13 : 3319491032
Total Pages : 256 pages
Book Rating : 4.3/5 (194 download)

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Book Synopsis Complex Systems Design & Management by : Gauthier Fanmuy

Download or read book Complex Systems Design & Management written by Gauthier Fanmuy and published by Springer. This book was released on 2016-12-08 with total page 256 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book contains all refereed papers that were accepted to the seventh edition of the international conference « Complex Systems Design & Management Paris» (CSD&M Paris 2016) which took place in Paris (France) on the December 13-14, 2016 These proceedings cover the most recent trends in the emerging field of complex systems sciences & practices from an industrial and academic perspective, including the main industrial domains (aeronautic & aerospace, defense & security, electronics & robotics, energy & environment, healthcare & welfare services, software & e-services, transportation), scientific & technical topics (systems fundamentals, systems architecture & engineering, systems metrics & quality, system is modeling tools) and system types (artificial ecosystems, embedded systems, software & information systems, systems of systems, transportation systems). The CSD&M Paris 2016 conference is organized under the guidance of the CESAMES non-profit organization, address: CESAMES, 8 rue de Hanovre, 75002 Paris, France.

Handbook of New Product Development Management

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Publisher : Routledge
ISBN 13 : 1136399836
Total Pages : 560 pages
Book Rating : 4.1/5 (363 download)

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Book Synopsis Handbook of New Product Development Management by : Christoph Loch

Download or read book Handbook of New Product Development Management written by Christoph Loch and published by Routledge. This book was released on 2007-11-02 with total page 560 pages. Available in PDF, EPUB and Kindle. Book excerpt: Managing new product development is a key area of management, straddling strategy, innovation and entrepreneurship and macro-organizational behaviour. All of the contributorsin the Handbook of New Product Developmentare are well-known and leading exponents to theory of New Product Development and to methods used in practice. They draw upon their experience and work to offer a comprehensive view of the challenges in managing the development of new products. Existing knowledge in the different topics is examined and the key management challenges, and the important gaps in our knowledge are discussed. Most of the chapters draw upon systematic interaction with companies and practice and this is presented in the examples and the case studies cited. The Handbook of New Product Development and Management surveys this area in the context of an overall framework that explains how aspects interact and combine in a successful NPD process. Each chapter outlines open questions and highlights needs for future research.

Prognostics and Health Management of Electronics

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Publisher : John Wiley & Sons
ISBN 13 : 1119515351
Total Pages : 800 pages
Book Rating : 4.1/5 (195 download)

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Book Synopsis Prognostics and Health Management of Electronics by : Michael G. Pecht

Download or read book Prognostics and Health Management of Electronics written by Michael G. Pecht and published by John Wiley & Sons. This book was released on 2018-08-21 with total page 800 pages. Available in PDF, EPUB and Kindle. Book excerpt: An indispensable guide for engineers and data scientists in design, testing, operation, manufacturing, and maintenance A road map to the current challenges and available opportunities for the research and development of Prognostics and Health Management (PHM), this important work covers all areas of electronics and explains how to: assess methods for damage estimation of components and systems due to field loading conditions assess the cost and benefits of prognostic implementations develop novel methods for in situ monitoring of products and systems in actual life-cycle conditions enable condition-based (predictive) maintenance increase system availability through an extension of maintenance cycles and/or timely repair actions; obtain knowledge of load history for future design, qualification, and root cause analysis reduce the occurrence of no fault found (NFF) subtract life-cycle costs of equipment from reduction in inspection costs, downtime, and inventory Prognostics and Health Management of Electronics also explains how to understand statistical techniques and machine learning methods used for diagnostics and prognostics. Using this valuable resource, electrical engineers, data scientists, and design engineers will be able to fully grasp the synergy between IoT, machine learning, and risk assessment.

Business Risk Management

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Publisher : John Wiley & Sons
ISBN 13 : 1118749367
Total Pages : 336 pages
Book Rating : 4.1/5 (187 download)

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Book Synopsis Business Risk Management by : Edward J. Anderson

Download or read book Business Risk Management written by Edward J. Anderson and published by John Wiley & Sons. This book was released on 2013-10-23 with total page 336 pages. Available in PDF, EPUB and Kindle. Book excerpt: A comprehensive and accessible introduction to modern quantitative risk management. The business world is rife with risk and uncertainty, and risk management is a vitally important topic for managers. The best way to achieve a clear understanding of risk is to use quantitative tools and probability models. Written for students, this book has a quantitative emphasis but is accessible to those without a strong mathematical background. Business Risk Management: Models and Analysis Discusses novel modern approaches to risk management Introduces advanced topics in an accessible manner Includes motivating worked examples and exercises (including selected solutions) Is written with the student in mind, and does not assume advanced mathematics Is suitable for self-study by the manager who wishes to better understand this important field. Aimed at postgraduate students, this book is also suitable for senior undergraduates, MBA students, and all those who have a general interest in business risk.

Real Options in Energy and Commodity Markets

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Publisher : World Scientific
ISBN 13 : 9813149426
Total Pages : 260 pages
Book Rating : 4.8/5 (131 download)

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Book Synopsis Real Options in Energy and Commodity Markets by : Nicola Secomandi

Download or read book Real Options in Energy and Commodity Markets written by Nicola Secomandi and published by World Scientific. This book was released on 2016-11-28 with total page 260 pages. Available in PDF, EPUB and Kindle. Book excerpt: The field of real options is concerned with the management and financial valuation of operational flexibility in business endeavors. From the very outset, energy and commodity markets — which play fundamental roles in the worldwide economy — have provided a relevant context for real option analysis, both in theory and practice. This volume is a collection of six chapters covering recent research on real options in energy and commodity markets, reflecting the significance of these markets for real option analysis. The volume is divided into two parts — the first on theory and the second on methods and applications. The two chapters in the first part of the book respectively address commodity storage and the concept of convenience yield, and how the management of real options can be impacted by the trader's own market decisions in the context of commodity shipping. The four chapters in the second part of the book propose and apply real option models in various domains — modeling the evolution of futures prices of emission certificates; managing copper extraction illustrated with an application to a project at Codelco, Chile, the largest copper producer in the world; the core ideas behind real option analysis in the context of the merchant management of hydrocarbon cracking operations; and optimizing the portfolio of contracts that oil refineries use to market their gasoline production.

Mass Customization

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Publisher : Springer Science & Business Media
ISBN 13 : 1849964890
Total Pages : 378 pages
Book Rating : 4.8/5 (499 download)

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Book Synopsis Mass Customization by : Flavio S. Fogliatto

Download or read book Mass Customization written by Flavio S. Fogliatto and published by Springer Science & Business Media. This book was released on 2010-11-09 with total page 378 pages. Available in PDF, EPUB and Kindle. Book excerpt: Mass customization (MC) has been hailed as a successful operations strategy across manufacturing and service industries for the past three decades. However, the wider implications of using MC approaches in the broader industrial and economic environment are not yet clearly understood. Mass Customization: Engineering and Managing Global Operations presents emerging research on the role of MC and personalization in today’s international operations context. The chapters cover MC in the context of global industrial economics and operations. Moreover, the book discusses MC topics that are relevant to the manufacturing and service sectors, such as: • product platforms; • learning curve modeling; • additive manufacturing; and • service customization. Case studies in manufacturing (e.g., apparel and transportation) and services (e.g., banking and virtual worlds) are also included. Mass Customization: Engineering and Managing Global Operations is a valuable text for mass customization researchers and practitioners. Researchers will find a selection of chapters prepared by internationally renowned authors, comprising most of their recent research in MC. Engineering professionals will be drawn by the vivid discussion of operational aspects and methods of MC, as well as by the selection of cases illustrating their practical application.

Principles of Engineering Management

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Author :
Publisher : Springer Nature
ISBN 13 : 9819911680
Total Pages : 573 pages
Book Rating : 4.8/5 (199 download)

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Book Synopsis Principles of Engineering Management by : Jishan He

Download or read book Principles of Engineering Management written by Jishan He and published by Springer Nature. This book was released on 2023-10-22 with total page 573 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book presents a comprehensive overview of engineering management, giving readers a complete picture of this research field. Following an introduction, the book explores: • Engineering Management Ontology • Engineering Management Epistemology • Engineering Management Methodology • Engineering Management Decision Theory • Engineering Management Organization Theory • Engineering Management Value Theory • Engineering Management Innovation Theory • Engineering Management Environment Theory • Engineering Management Humanities • Engineering Management Ethics Theory The book includes case studies that demonstrate how various concepts can be practically applied to resolve real-world problems. The book is a valuable read for professionals of engineering management, management and systems engineering.

The Routledge Companion to Performance Management and Control

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Publisher : Routledge
ISBN 13 : 1317429931
Total Pages : 526 pages
Book Rating : 4.3/5 (174 download)

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Book Synopsis The Routledge Companion to Performance Management and Control by : Elaine Harris

Download or read book The Routledge Companion to Performance Management and Control written by Elaine Harris and published by Routledge. This book was released on 2017-08-15 with total page 526 pages. Available in PDF, EPUB and Kindle. Book excerpt: Performance management is key to the ongoing success of any organisation, allowing it to meet its strategic objectives by designing and implementing management control systems. This book goes beyond the usual discussion of performance management in accounting and finance, to consider strategic management, human behaviour and performance management in different countries and contexts. With a global mix of world-renowned researchers, this book systematically covers the what, the who, the where and the why of performance management and control (PMC) systems. A comprehensive, state-of-the-art collection edited by a leading expert in the field, this book is a vital resource for all scholars, students and researchers with an interest in business, management and accounting.