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Flexibility in Engineering Design (Engineering Systems)

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Flexibility in Engineering Design (Engineering Systems) Cover

 

Synopses & Reviews

Publisher Comments:

andlt;Pandgt;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 andquot;flaw of averages,andquot; 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.andlt;/Pandgt;

Synopsis:

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.

About the Author

Richard de Neufville is Professor of Engineering Systems and Civil and Environmental Engineering at MIT. He was Founding Chairman of the MIT Technology and Policy Program.Stefan Scholtes is Dennis Gillings Professor of Health Management and Academic Director of the Centre for Health Leadership and Enterprise at the Judge Business School, University of Cambridge.

Product Details

ISBN:
9780262016230
Author:
De Neufville, Richard
Publisher:
The MIT Press
Author:
Richard de Neufville
Author:
Scholtes, Stefan
Location:
Cambridge
Subject:
System Theory
Subject:
Engineering-General Engineering
Copyright:
Series:
Engineering Systems Flexibility in Engineering Design
Publication Date:
20110812
Binding:
Hardback
Grade Level:
from 17
Language:
English
Illustrations:
99 b, &, w illus., 25 tables
Pages:
312
Dimensions:
9 x 6 in

Related Subjects

Engineering » Engineering » General Engineering
Reference » Science Reference » Technology
Science and Mathematics » Mathematics » Systems Theory

Flexibility in Engineering Design (Engineering Systems) New Hardcover
0 stars - 0 reviews
$38.95 In Stock
Product details 312 pages MIT Press (MA) - English 9780262016230 Reviews:
"Synopsis" by , 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.

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