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Table
of Contents
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Book
based on my PhD and subsequent work
experience.
Decision Making for Flexibility
by Anne Ku
Chapter 1
Introduction & Motivation
- why you would want to read this
- why I want to write this
- flexibility comes of age
- different guises of flexibility
Flexibility is a means to cope with uncertainty but at a price.
In this book, we show different ways to measure the value of flexibility.
Questions:
- What is flexibility?
- Under which circumstances is flexibility useful?
- How do we value or measure flexibility?
- What are the drawbacks in using flexibility as a criterion or objective?
- How do decision analysis and option pricing differ in their treatment
of flexibility?
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