A real options framework for adaptive urban design

A Real Options-based Framework for Valuing

In recent years, considerable research has focused on understanding the value derived from market-based assets such as brands and consumer relationships with comparatively little attention being directed at business relationships. We address this gap in the literature by proposing a real options-based framework for valuing business relationships. The framework provides new insights into the rol...

A Real Options Design for Product Outsourcing

We develop a financial model to assess the option value of outsourcing. We value the real options associated with outsourcing an item using Monte Carlo simulation. This valuation gives decision makers a way to choose the appropriate outsourcing strategy based on an integrated view of market dynamics. A simulation example is used to demonstrate the application of real options to value outsourcin...

A Framework for Adaptive Design

Organization thinking is coming to accept change as a constant force, and is learning how to deal with it. The software development process has yet to adapt to this new perspective. The result of its effort is often not what the customer expected or is outdated before it has had a chance to produce its expected return on investments. This paper presents our framework, supported by and giving su...

An Evolutionary Real Options Framework for Design and Management of Large-Scale Projects and Systems with Multiple Real Options

A Framework for Urban Morphology with Respect to the Form