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Real Options Dealing with Uncertainty in Systems Planning


Real Options Dealing with Uncertainty in Systems Planning


It will change the processes of system design, the way planners deal with uncertainly and risk. It will also change the outcomes, the kinds of elements designers build into the system as they develop Real Options Dealing with Uncertainty in Systems Planning. This paper explains this coming evolution, and presents cases documenting the changes in attitude and the results already occurring. To think in terms of options alters the way one deals with uncertainty.

Conventionally, good design minimizes risk. It will change theprocesses of system design, the way planners deal with uncertainly and risk. It focuses on increasing reliability and making the best decisions in risky situations. In short, it is reactive to risk. This paper explains this coming evolution, and presents cases documenting the changes in attitude and the results already occurring.To think in terms of options alters the way one deals with uncertainty.

The framework of options thinking, however, recognizes that uncertainty adds value to options. In this context, uncertainty is a driver of value and can be viewed as a positive element. Correspondingly, systems designJavaScript is disabled on your browser. Please enable JavaScript to use all the features on this page. This page uses JavaScript to progressively load the article content as a user scrolls. Click the View full text link to bypass dynamically loaded article content. View full text.




Real Options Dealing with Uncertainty in Systems Planning

Real Options Dealing with Uncertainty in Systems Planning

Real Options Dealing with Uncertainty in Systems Planning



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