| Method | Engineering Options Analysis | |
| Management | Decision optimisation | |
| Process | Computational | |
| Description | Assesses the value of building flexibility into an engineering design. | |
| Long Description | (de Neuville & Smet, 2019) Engineering Options Analysis (EOA) refers to the process of assessing the value of including flexibility in the design and management of technical systems. It consists of procedures for calculating the value of options (e.g., the benefits due to flexibility in the timing, size, and location of changes in the engineering system) in terms of the distribution of additional benefits due to the options. EOA presents these benefits to decisionmakers in terms of average expectations, extreme possibilities, and initial capital expenses (Capex). Decisionmakers can choose whether (or to what extent) to monetize these values. | |
| Enabled | True | |
| DMDU | ✓ | |
| Links |
(de Neufville & Smet, 2019)
(de Neufville et al., 2019) |
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| Criticality: | ||
| 0% | ||
| 100% | ||
| 100% | ||
| 25% | ||
| 0% | ||