System Theory

Download PDF by Richard de Neufville,Stefan Scholtes: Flexibility in Engineering Design (Engineering Systems)

By Richard de Neufville,Stefan Scholtes

ISBN-10: 0262016230

ISBN-13: 9780262016230

Project groups can enhance effects by means of spotting that the long run is necessarily doubtful and that by means of growing versatile designs they could adapt to scenarios. This technique permits them to exploit new possibilities and keep away from destructive losses. Designers of complicated, long-lasting initiatives -- similar to conversation networks, strength crops, or hospitals -- needs to learn how to abandon mounted necessities and slim forecasts. they should keep away from the "flaw of averages," the conceptual pitfall that traps such a lot of designs in underperformance. Failure to permit for altering situations dangers leaving major worth untapped. This booklet is a advisor for growing and imposing value-enhancing flexibility in layout. it is going to be a vital source for all members within the improvement and operation of technological platforms: designers, managers, monetary analysts, traders, regulators, and academics.The e-book presents a high-level assessment of why flexibility in layout is required to convey considerably elevated worth. It describes intimately easy methods to establish, opt for, and enforce priceless flexibility. The ebook is exclusive in that it explicitly acknowledges that destiny results are doubtful. It therefore offers forecasting, research, and review instruments in particular fitted to this fact. Appendixes supply extended motives of thoughts and analytic tools.

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Flexibility in Engineering Design (Engineering Systems) by Richard de Neufville,Stefan Scholtes

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