Table of Contents

	Preface
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
	References

Book based on my PhD and subsequent work experience.

Decision Making for Flexibility

by Anne Ku

Preface

I have been haunted by the F- word flexibility ever since I had chosen to study it. My doctoral research hypothesised that flexibility would be useful in deregulated industries where there is greater uncertainty and risk. I subsequently worked in the energy sector for many years and witnessed it myself. During this period, I practised flexibility in my decision making: career choice, personal matters, and consumer decisions. In day to day activity, I practised and preached it. It is now time to consolidate my knowledge and share my experiences.