Designing systems for adaptability by means of architecture options
Author
Abstract
Suggested Citation
DOI: 10.1002/sys.20090
Download full text from publisher
References listed on IDEAS
- Stewart C. Myers, 1984. "Finance Theory and Financial Strategy," Interfaces, INFORMS, vol. 14(1), pages 126-137, February.
- Higham,Desmond J., 2004. "An Introduction to Financial Option Valuation," Cambridge Books, Cambridge University Press, number 9780521547574, December.
- Avner Engel & Shalom Shachar, 2006. "Measuring and optimizing systems' quality costs and project duration," Systems Engineering, John Wiley & Sons, vol. 9(3), pages 259-280, September.
- Earll Murman & Thomas Allen & Kirkor Bozdogan & Joel Cutcher-Gershenfeld & Hugh McManus & Deborah Nightingale & Eric Rebentisch & Tom Shields & Fred Stahl & Myles Walton & Joyce Warmkessel & Stanley W, 2002. "Lean Enterprise Value," Palgrave Macmillan Books, Palgrave Macmillan, number 978-1-4039-0750-9, December.
- Robert C. Merton, 2005.
"Theory of rational option pricing,"
World Scientific Book Chapters, in: Sudipto Bhattacharya & George M Constantinides (ed.), Theory Of Valuation, chapter 8, pages 229-288,
World Scientific Publishing Co. Pte. Ltd..
- Robert C. Merton, 1973. "Theory of Rational Option Pricing," Bell Journal of Economics, The RAND Corporation, vol. 4(1), pages 141-183, Spring.
- Roshanak Nilchiani & Daniel E. Hastings, 2007. "Measuring the Value of Flexibility in Space Systems: A Six‐Element Framework," Systems Engineering, John Wiley & Sons, vol. 10(1), pages 26-44, March.
- Andreas Vollerthun, 2002. "Design‐to‐market integrating conceptual design and marketing," Systems Engineering, John Wiley & Sons, vol. 5(4), pages 315-326.
- Scott Mathews & Vinay Datar & Blake Johnson, 2007. "A Practical Method for Valuing Real Options: The Boeing Approach," Journal of Applied Corporate Finance, Morgan Stanley, vol. 19(2), pages 95-104, March.
- Carliss Y. Baldwin & Kim B. Clark, 2000. "Design Rules, Volume 1: The Power of Modularity," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262024667, December.
- Pimmler, Thomas U. (Thomas Udo) & Eppinger, Steven D., 1994. "Integration analysis of product decompositions," Working papers 3690-94., Massachusetts Institute of Technology (MIT), Sloan School of Management.
- M Barad & A Engel, 2006. "Optimizing VVT strategies: a decomposition approach," Journal of the Operational Research Society, Palgrave Macmillan;The OR Society, vol. 57(8), pages 965-974, August.
- Ernst Fricke & Armin P. Schulz, 2005. "Design for changeability (DfC): Principles to enable changes in systems throughout their entire lifecycle," Systems Engineering, John Wiley & Sons, vol. 8(4), pages 1-1.
- Tyson R. Browning, 2003. "On customer value and improvement in product development processes," Systems Engineering, John Wiley & Sons, vol. 6(1), pages 49-61.
- Black, Fischer & Scholes, Myron S, 1973. "The Pricing of Options and Corporate Liabilities," Journal of Political Economy, University of Chicago Press, vol. 81(3), pages 637-654, May-June.
- Shibata, Tomoatsu & Yano, Masaharu & Kodama, Fumio, 2005. "Empirical analysis of evolution of product architecture: Fanuc numerical controllers from 1962 to 1997," Research Policy, Elsevier, vol. 34(1), pages 13-31, February.
- Ulrich, Karl, 1995. "The role of product architecture in the manufacturing firm," Research Policy, Elsevier, vol. 24(3), pages 419-440, May.
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- Miranda Reed-Grice & Brandon E. Ross, 2024. "Application of the Black–Scholes Financial Model to Support Adaptability as a Sustainability Strategy for Buildings: A Case Study of an Adaptable Campus Parking Garage," Sustainability, MDPI, vol. 16(7), pages 1-19, March.
- Alberto Sols & Javier Romero & Robert Cloutier, 2012. "Performance‐based logistics and technology refreshment programs: Bridging the operational‐life performance capability gap in the Spanish F‐100 frigates," Systems Engineering, John Wiley & Sons, vol. 15(4), pages 422-432, December.
- Jan-jaap Moerman & Seppe van Heusden & Brigitte Matheussen & Alberto Martinetti, 2022. "Encouraging a Modal Shift to Passenger Railway Transportation: A Case Study in Adaptable Rolling Stock Interior Design," Sustainability, MDPI, vol. 14(15), pages 1-17, August.
- Sungchul Kim & Ronald Giachetti & Sangsung Park, 2018. "Real Options Analysis for Acquisition of New Technology: A Case Study of Korea K2 Tank’s Powerpack," Sustainability, MDPI, vol. 10(11), pages 1-18, October.
- Eun Suk Suh & Michael R. Furst & Kenneth J. Mihalyov & Olivier de Weck, 2010. "Technology infusion for complex systems: A framework and case study," Systems Engineering, John Wiley & Sons, vol. 13(2), pages 186-203, June.
- Tyson R. Browning & Eric C. Honour, 2008. "Measuring the life‐cycle value of enduring systems," Systems Engineering, John Wiley & Sons, vol. 11(3), pages 187-202, September.
- Michel‐Alexandre Cardin & Mehdi Ranjbar‐Bourani & Richard de Neufville, 2015. "Improving the Lifecycle Performance of Engineering Projects with Flexible Strategies: Example of On‐Shore LNG Production Design," Systems Engineering, John Wiley & Sons, vol. 18(3), pages 253-268, May.
- Avner Engel & Yoram Reich, 2015. "Advancing Architecture Options Theory: Six Industrial Case Studies," Systems Engineering, John Wiley & Sons, vol. 18(4), pages 396-414, July.
- Alessandro Golkar & Edward F. Crawley, 2014. "A Framework for Space Systems Architecture under Stakeholder Objectives Ambiguity," Systems Engineering, John Wiley & Sons, vol. 17(4), pages 479-502, December.
- Eun Suk Suh & Noemi Chiriac & Katja Hölttä‐Otto, 2015. "Seeing Complex System through Different Lenses: Impact of Decomposition Perspective on System Architecture Analysis," Systems Engineering, John Wiley & Sons, vol. 18(3), pages 229-240, May.
- Benedict Bender & Clementine Bertheau & Tim Körppen & Hannah Lauppe & Norbert Gronau, 2022. "A proposal for future data organization in enterprise systems—an analysis of established database approaches," Information Systems and e-Business Management, Springer, vol. 20(3), pages 441-494, September.
- Jessica Ryan & Shahram Sarkani & Thomas Mazzuchi, 2014. "Leveraging Variability Modeling Techniques for Architecture Trade Studies and Analysis," Systems Engineering, John Wiley & Sons, vol. 17(1), pages 10-25, March.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Fixson, Sebastian K. & Park, Jin-Kyu, 2008. "The power of integrality: Linkages between product architecture, innovation, and industry structure," Research Policy, Elsevier, vol. 37(8), pages 1296-1316, September.
- Babak Heydari & Mohsen Mosleh & Kia Dalili, 2016. "From Modular to Distributed Open Architectures: A Unified Decision Framework," Systems Engineering, John Wiley & Sons, vol. 19(3), pages 252-266, May.
- Ali A. Yassine & Luke A. Wissmann, 2007. "The Implications of Product Architecture on the Firm," Systems Engineering, John Wiley & Sons, vol. 10(2), pages 118-137, June.
- Avner Engel & Yoram Reich, 2015. "Advancing Architecture Options Theory: Six Industrial Case Studies," Systems Engineering, John Wiley & Sons, vol. 18(4), pages 396-414, July.
- Bettina Freitag & Lukas Häfner & Verena Pfeuffer & Jochen Übelhör, 2020. "Evaluating investments in flexible on-demand production capacity: a real options approach," Business Research, Springer;German Academic Association for Business Research, vol. 13(1), pages 133-161, April.
- Madlener, Reinhard & Stoverink, Simon, 2012.
"Power plant investments in the Turkish electricity sector: A real options approach taking into account market liberalization,"
Applied Energy, Elsevier, vol. 97(C), pages 124-134.
- Madlener, Reinhard & Stoverink, Simon, 2010. "Power Plant Investments in the Turkish Electricity Sector: A Real Options Approach Taking into Account Market Liberalization," FCN Working Papers 21/2010, E.ON Energy Research Center, Future Energy Consumer Needs and Behavior (FCN), revised Jul 2011.
- Kyoung-Sook Moon & Yunju Jeong & Hongjoong Kim, 2016. "An Efficient Binomial Method for Pricing Asian Options," ECONOMIC COMPUTATION AND ECONOMIC CYBERNETICS STUDIES AND RESEARCH, Faculty of Economic Cybernetics, Statistics and Informatics, vol. 50(2), pages 151-164.
- Nicholas Burton & Peter Galvin, 2020. "Component complementarity and transaction costs: the evolution of product design," Review of Managerial Science, Springer, vol. 14(4), pages 845-867, August.
- Antonio L. Lara Galera & Antonio Sánchez Soliño, 2010. "A Real Options Approach for the Valuation of Highway Concessions," Transportation Science, INFORMS, vol. 44(3), pages 416-427, August.
- Caren Sureth, 2002. "Partially Irreversible Investment Decisions and Taxation under Uncertainty: A Real Option Approach," German Economic Review, Verein für Socialpolitik, vol. 3(2), pages 185-221, May.
- Kartik Kalaignanam & Tarun Kushwaha & Anand Nair, 2017. "The Product Quality Impact of Aligning Buyer-Supplier Network Structure and Product Architecture: an Empirical Investigation in the Automobile Industry," Customer Needs and Solutions, Springer;Institute for Sustainable Innovation and Growth (iSIG), vol. 4(1), pages 1-17, September.
- Erica Gralla & Zoe Szajnfarber, 2016. "Characterizing Representational Uncertainty in System Design and Operations," Systems Engineering, John Wiley & Sons, vol. 19(6), pages 535-548, November.
- Adam M. Ross & Donna H. Rhodes & Daniel E. Hastings, 2008. "Defining changeability: Reconciling flexibility, adaptability, scalability, modifiability, and robustness for maintaining system lifecycle value," Systems Engineering, John Wiley & Sons, vol. 11(3), pages 246-262, September.
- Schachter, J.A. & Mancarella, P., 2016. "A critical review of Real Options thinking for valuing investment flexibility in Smart Grids and low carbon energy systems," Renewable and Sustainable Energy Reviews, Elsevier, vol. 56(C), pages 261-271.
- Puay Khoon Toh & Eugene Pyun, 2024. "Risky business: How standardization as coordination tool in ecosystems impacts firm‐level uncertainty," Strategic Management Journal, Wiley Blackwell, vol. 45(4), pages 649-679, April.
- Ömür Ugur, 2008. "An Introduction to Computational Finance," World Scientific Books, World Scientific Publishing Co. Pte. Ltd., number p556, February.
- David A. Broniatowski, 2017. "Flexibility Due to Abstraction and Decomposition," Systems Engineering, John Wiley & Sons, vol. 20(2), pages 98-117, March.
- Nicholas Burton & Peter Galvin, 2022. "The effect of technology and regulation on the co-evolution of product and industry architecture," Industrial and Corporate Change, Oxford University Press and the Associazione ICC, vol. 31(4), pages 1056-1085.
- James E. Smith & Kevin F. McCardle, 1998. "Valuing Oil Properties: Integrating Option Pricing and Decision Analysis Approaches," Operations Research, INFORMS, vol. 46(2), pages 198-217, April.
- Hildebrandt, Patrick & Knoke, Thomas, 2011. "Investment decisions under uncertainty--A methodological review on forest science studies," Forest Policy and Economics, Elsevier, vol. 13(1), pages 1-15, January.
Corrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:wly:syseng:v:11:y:2008:i:2:p:125-146. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Wiley Content Delivery (email available below). General contact details of provider: https://doi.org/10.1002/(ISSN)1520-6858 .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.