analyticalQ Contact Flexibility Decision Analysis

Table of Contents

1 Introduction
2 Definition of Flexibility
3 Valuing Flexibility
4 Applications of Flexibility
5 Decision Analysis
6 Option Pricing
7 Hybrid Valuation Methods
8 Life Decisions
9 Consumer Decisions
10 Energy Markets
11 Conclusions and Guidelines
Web Resources


Book based on my PhD and subsequent work experience.

Decision Making for Flexibility

by Anne Ku


Chapter 8
Life Decisions

Throughout one's life, certain "meta" decisions determine the course for the next few years or even the rest of one's life.

  • Freelance (contracting) or Employment (job)
  • Rent or buy home in respect of location
  • Partnering: affair or long-term commitment like marriage
  • The dating game or serial commitments
  • Career decisions: which job will open up more possibilities in the future?
  • Education: choice of university major

Copyright Anne Ku 2000