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Extracting the Essence of Flexibility in System Design
(Massachusetts Institute of Technology. Engineering Systems Division, 2001-08)
The modest purpose of this paper is to review the concept of flexibility as discussed in various fields of investigations, and to extract its characteristic features. In order to discuss any subject matter clearly, it is ...
Incorporating Uncertainty Into Conceptual Design of Space System Architectures
(Massachusetts Institute of Technology. Engineering Systems Division, 2002-05)
The environment in which space systems are developed and operated can be classified as nothing less than dynamic. However, it is clear that the methods and tools relied on in conceptual design are based on static assumptions ...
Managing Complexity with the Department of Defense Architecture Framework: Development of a Dynamic System Architecture Model
(Massachusetts Institute of Technology. Engineering Systems Division, 2007-02)
Architecture frameworks are tools for managing system complexity by structuring data in a common language and format. By characterizing the form, function, and rules governing systems, architecture frameworks serve as a ...
Screening for Real Options “In” an Engineering System: A Step Towards Flexible System Development; PART I: The Use of Design Matrices to Create an End-to-End Representation of a Complex Socio-Technical System
(Massachusetts Institute of Technology. Engineering Systems Division, 2006-05)
The goal of this research is to develop an analytical framework for screening for real options “in” an engineering system. Real options is defined in the finance literature as the right, but not the obligation, to take an ...
Toward a New Technology and Policy Program (TPP) Curriculum
(Massachusetts Institute of Technology. Engineering Systems Division, 2001-01)
The mission of the MIT Technology and Policy Program (TPP) is:
“Provide an integrative education to scientists and engineers who wish to lead in the development and implementation of responsible strategies and policies ...
Controlling Change Within Complex Systems Through Pliability
(Massachusetts Institute of Technology. Engineering Systems Division, 2012-03)
As systems become larger, more complex, and operate for longer periods of time, some change within the system often becomes inevitable. Particularly in systems of systems, with diverse stakeholders, evolutionary development ...
ESD Terms and Definitions (Version 12)
(Massachusetts Institute of Technology. Engineering Systems Division, 2001-10)
Basic terms related to engineering systems
Revisiting the Question: Are Systems of Systems just (traditional) Systems or are they a new class of Systems?
(Massachusetts Institute of Technology. Engineering Systems Division, 2014-03)
This paper revisits a question asked and debated widely over the past decade: are Systems of Systems (SoS) just traditional systems or are they a new class of systems? Many have argued that SoS are a new class of systems, ...
Value-at-Risk Analysis for Real Options in Complex Engineered Systems
(Massachusetts Institute of Technology. Engineering Systems Division, 2005-06)
This paper presents a simple but powerful Real Options Valuation methodology suitable for valuing flexibility in complex engineered systems. It is based on value-at-risk analysis and relies on a standard discounted cash ...