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On the value of project safeguards: Embedding real options in complex products and systems

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  • Gil, Nuno

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  • Gil, Nuno, 2007. "On the value of project safeguards: Embedding real options in complex products and systems," Research Policy, Elsevier, vol. 36(7), pages 980-999, September.
    • Handle: RePEc:eee:respol:v:36:y:2007:i:7:p:980-999
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    1. Hobday, Mike, 1998. "Product complexity, innovation and industrial organisation," Research Policy, Elsevier, vol. 26(6), pages 689-710, February.
    2. Prencipe, Andrea & Tell, Fredrik, 2001. "Inter-project learning: processes and outcomes of knowledge codification in project-based firms," Research Policy, Elsevier, vol. 30(9), pages 1373-1394, December.
    3. Markard, Jochen & Truffer, Bernhard, 2006. "Innovation processes in large technical systems: Market liberalization as a driver for radical change?," Research Policy, Elsevier, vol. 35(5), pages 609-625, June.
    4. Bruce Kogut & Nalin Kulatilaka, 2001. "Capabilities as Real Options," Organization Science, INFORMS, vol. 12(6), pages 744-758, December.
    5. Sendil K. Ethiraj & Daniel Levinthal, 2004. "Modularity and Innovation in Complex Systems," Management Science, INFORMS, vol. 50(2), pages 159-173, February.
    6. Geyer, Anton & Davies, Andrew, 2000. "Managing project-system interfaces: case studies of railway projects in restructured UK and German markets," Research Policy, Elsevier, vol. 29(7-8), pages 991-1013, August.
    7. Glynn, Steven, 2002. "Constructing a selection environment: competing expectations for CFC alternatives," Research Policy, Elsevier, vol. 31(6), pages 935-946, August.
    8. Hobday, Mike, 2000. "The project-based organisation: an ideal form for managing complex products and systems?," Research Policy, Elsevier, vol. 29(7-8), pages 871-893, August.
    9. Avinash K. Dixit & Robert S. Pindyck, 1994. "Investment under Uncertainty," Economics Books, Princeton University Press, edition 1, number 5474.
    10. Stefano Brusoni & Luigi Marengo & Andrea Prencipe & Marco Valente, 2004. "The Value and Costs of Modularity: A Cognitive Perspective," SPRU Working Paper Series 123, SPRU - Science Policy Research Unit, University of Sussex Business School.
    11. Hobday, Mike & Rush, Howard & Tidd, Joe, 2000. "Innovation in complex products and system," Research Policy, Elsevier, vol. 29(7-8), pages 793-804, August.
    12. Flyvbjerg,Bent & Bruzelius,Nils & Rothengatter,Werner, 2003. "Megaprojects and Risk," Cambridge Books, Cambridge University Press, number 9780521009461.
    13. Christian Terwiesch & Christoph H. Loch & Arnoud De Meyer, 2002. "Exchanging Preliminary Information in Concurrent Engineering: Alternative Coordination Strategies," Organization Science, INFORMS, vol. 13(4), pages 402-419, August.
    14. Engwall, Mats, 2003. "No project is an island: linking projects to history and context," Research Policy, Elsevier, vol. 32(5), pages 789-808, May.
    15. van den Ende, Jan & Kemp, Rene, 1999. "Technological transformations in history: how the computer regime grew out of existing computing regimes," Research Policy, Elsevier, vol. 28(8), pages 833-851, November.
    16. Davies, Andrew & Brady, Tim, 2000. "Organisational capabilities and learning in complex product systems: towards repeatable solutions," Research Policy, Elsevier, vol. 29(7-8), pages 931-953, August.
    17. Michael T. Pich & Christoph H. Loch & Arnoud De Meyer, 2002. "On Uncertainty, Ambiguity, and Complexity in Project Management," Management Science, INFORMS, vol. 48(8), pages 1008-1023, August.
    18. Thomke, Stefan H., 1997. "The role of flexibility in the development of new products: An empirical study," Research Policy, Elsevier, vol. 26(1), pages 105-119, March.
    19. Miller, Roger, et al, 1995. "Innovation in Complex Systems Industries: The Case of Flight Simulation," Industrial and Corporate Change, Oxford University Press and the Associazione ICC, vol. 4(2), pages 363-400.
    20. Ulrich, Karl, 1995. "The role of product architecture in the manufacturing firm," Research Policy, Elsevier, vol. 24(3), pages 419-440, May.
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    Cited by:

    1. Arman Avadikyan & Patrick Llerena, 2009. "Socio-technical transition processes: A real option based reasoning," Working Papers of BETA 2009-21, Bureau d'Economie Théorique et Appliquée, UDS, Strasbourg.
    2. Tee, Richard & Davies, Andrew & Whyte, Jennifer, 2019. "Modular designs and integrating practices: Managing collaboration through coordination and cooperation," Research Policy, Elsevier, vol. 48(1), pages 51-61.
    3. Lina Mao & Jinghua Li & Changwei Guo, 2019. "Integrator’s Coordination on Technological Innovation Performance in China: The Dual Moderating Role of Environmental Dynamism," Sustainability, MDPI, vol. 12(1), pages 1-24, December.
    4. Nigel Wadeson, 2010. "Directed search with real options," Economics of Innovation and New Technology, Taylor & Francis Journals, vol. 19(6), pages 569-582.
    5. Krüger, Niclas A., 2012. "To kill a real option – Incomplete contracts, real options and PPP," Transportation Research Part A: Policy and Practice, Elsevier, vol. 46(8), pages 1359-1371.
    6. Gil, Nuno & Tether, Bruce S., 2011. "Project risk management and design flexibility: Analysing a case and conditions of complementarity," Research Policy, Elsevier, vol. 40(3), pages 415-428, April.
    7. Stingl, Verena & Geraldi, Joana, 2021. "A research agenda for studying project decision-behaviour through the lenses of simple heuristics," Technological Forecasting and Social Change, Elsevier, vol. 162(C).
    8. A. Richard Swanson & Vivek Sakhrani, 2023. "Value–Risk Calculator for Blended Finance: A Systems Perspective of the Nachtigal Hydropower Project," Sustainability, MDPI, vol. 15(13), pages 1-22, June.
    9. Gil, Nuno & Miozzo, Marcela & Massini, Silvia, 2012. "The innovation potential of new infrastructure development: An empirical study of Heathrow airport's T5 project," Research Policy, Elsevier, vol. 41(2), pages 452-466.

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