Real Options in Engineering Design, Operations, and Management

Real Options in Engineering Design, Operations, and Management
Author: Harriet Black Nembhard
Publisher: CRC Press
Total Pages: 258
Release: 2009-10-27
Genre: Business & Economics
ISBN: 142007170X

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

Introduction to Civil Engineering Systems

Introduction to Civil Engineering Systems
Author: Samuel Labi
Publisher: John Wiley & Sons
Total Pages: 1060
Release: 2014-03-25
Genre: Technology & Engineering
ISBN: 1118415302

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.

CIGOS 2021, Emerging Technologies and Applications for Green Infrastructure

CIGOS 2021, Emerging Technologies and Applications for Green Infrastructure
Author: Cuong Ha-Minh
Publisher: Springer Nature
Total Pages: 1861
Release: 2021-10-28
Genre: Science
ISBN: 9811671605

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.

Complex Systems Design & Management

Complex Systems Design & Management
Author: Marc Aiguier
Publisher: Springer Science & Business Media
Total Pages: 338
Release: 2012-10-19
Genre: Technology & Engineering
ISBN: 3642344046

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).

Flexibility in Engineering Design

Flexibility in Engineering Design
Author: Richard De Neufville
Publisher: MIT Press
Total Pages: 310
Release: 2011-08-12
Genre: Science
ISBN: 0262297337

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.

Real Options

Real Options
Author: Martha Amram
Publisher: Oxford University Press on Demand
Total Pages: 246
Release: 1999
Genre: Business & Economics
ISBN: 9780875848457

Using real-world examples and clear case studies, the authors provide investors and managers with an innovative method for assessing a company's non-financial assets, allowing them to assess opportunities whose financial rewards are less than certain.

Predicting Outcomes of Investments in Maintenance and Repair of Federal Facilities

Predicting Outcomes of Investments in Maintenance and Repair of Federal Facilities
Author: National Research Council
Publisher: National Academies Press
Total Pages: 142
Release: 2012-03-01
Genre: Technology & Engineering
ISBN: 0309221862

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.

Prognostics and Health Management of Electronics

Prognostics and Health Management of Electronics
Author: Michael G. Pecht
Publisher: John Wiley & Sons
Total Pages: 973
Release: 2018-08-21
Genre: Technology & Engineering
ISBN: 1119515351

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.

Complex Systems Design & Management Asia

Complex Systems Design & Management Asia
Author: Michel-Alexandre Cardin
Publisher: Springer
Total Pages: 177
Release: 2014-11-11
Genre: Technology & Engineering
ISBN: 3319125443

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).

Decision Making under Deep Uncertainty

Decision Making under Deep Uncertainty
Author: Vincent A. W. J. Marchau
Publisher: Springer
Total Pages: 408
Release: 2019-04-04
Genre: Business & Economics
ISBN: 3030052524

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.