25th Congress of International Council of the Aeronautical Sciences, 3 - 8 September 2006, Hamburg, Germany
Paper ICAS 2006-9.4.4

FINDING THE REAL VALUE OF AN ADAPTABLE VEHICLE CONFIGURATION IN AN UNCERTAIN WORLD

I. Fernandez, D. N. Mavris
Georgia Institute of Technology, USA

Keywords: Adaptability, Real Options, Strategy, Decision-Making

The value of an aerospace program is dependent upon uncertain estimates of market, cost, and technological capability. Using real options coupled with a conceptual design modeling and simulation environment; the value of the program, its underlying technology and appropriate decisions can be better investigated, up front.

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