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000923583 019__ $$a1129217512$$a1129459910
000923583 020__ $$a9789811507236$$q(electronic book)
000923583 020__ $$a9811507236$$q(electronic book)
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000923583 050_4 $$aHD30.27
000923583 08204 $$a658.40355$$223
000923583 1001_ $$aCarmichael, David G.
000923583 24510 $$aFuture-Proofing--Valuing Adaptability, Flexibility, Convertibility and Options :$$bA Cross-Disciplinary Approach.
000923583 260__ $$aSingapore :$$bSpringer,$$c2020.
000923583 300__ $$a1 online resource (180 pages).
000923583 336__ $$atext$$btxt$$2rdacontent
000923583 337__ $$acomputer$$bc$$2rdamedia
000923583 338__ $$aonline resource$$bcr$$2rdacarrier
000923583 4901_ $$aManagement in the Built Environment
000923583 506__ $$aAccess limited to authorized users.
000923583 520__ $$aThis book presents a unifying approach to the valuation of incorporated flexibility. Flexibility, in general terms, recognizes future uncertainty and refers to being proactive now so as to secure the future possibility of being able to adapt, convert, or generally introduce a change, if it is worthwhile to do so at the time. That is, deliberate provision is made now in order to have the ability (but not the obligation) to adapt, convert, or change in the future; this change is discretionary, and depends on future circumstances. The applications demonstrated here cover engineering, building, housing, finance, economics, contracts, general management, and project management. The examples are as follows: designing/building features in infrastructure (including buildings and houses) such that the infrastructure can be adapted in response to future changes in climate, demographics, or usage; incorporating features in contracts such that the terms and conditions can be changed in response to changing situations; purchasing rights now such that options exist to buy or sell an asset in the future; structuring a financial investment agreement so that its terms and conditions can be changed in the future; structuring project payments to provide future guarantees of revenue if needed; and designing an operation such that it can be expanded, contracted, abandoned, switched, changed, delayed, or deferred in the future. The level of required mathematics is kept at a very modest level: an undergraduate knowledge of algebra and probability is all that is required. Numerical examples, accompanied by readily understandable diagrams, illustrate the methods outlined. The formulations are kept straightforward and accessible for practitioners and academics alike.
000923583 588__ $$aDescription based on print version record.
000923583 650_0 $$aBusiness forecasting.
000923583 650_0 $$aBusiness enterprises.
000923583 650_0 $$aEconomic forecasting.
000923583 77608 $$iPrint version:$$aCarmichael, David G.$$tFuture-Proofing--Valuing Adaptability, Flexibility, Convertibility and Options.$$dSingapore : Springer, 2020$$z9789811507236
000923583 830_0 $$aManagement in the Built Environment.
000923583 852__ $$bebk
000923583 85640 $$3SpringerLink$$uhttps://univsouthin.idm.oclc.org/login?url=http://link.springer.com/10.1007/978-981-15-0723-6$$zOnline Access$$91397441.1
000923583 909CO $$ooai:library.usi.edu:923583$$pGLOBAL_SET
000923583 980__ $$aEBOOK
000923583 980__ $$aBIB
000923583 982__ $$aEbook
000923583 983__ $$aOnline
000923583 994__ $$a92$$bISE