Planning under uncertainty: Assessing the robustness of technology real options

Tarik Driouchi; Michel J. Leseure

doi:10.1109/PICMET.2005.1509702

Planning under uncertainty: Assessing the robustness of technology real options

Tarik Driouchi^*, Michel J. Leseure

^*Corresponding author for this work

Operations & Information Management

Research output: Chapter in Book/Published conference output › Conference publication

Abstract

This paper deals with the issue of flexibility in long term planning decisions. By shedding light on the converging and complementary features of Real Options Valuation (ROY) and Robustness Analysis (ROA), we suggest a new framework for assessing investments decisions under uncertainty. A two-dimensional model is provided to measure the feasibility of medium and long-range investments. An example based on a comparison of three IT projects is analysed for illustration.

Original language	English
Title of host publication	A Unifying Discipline for Melting the Boundaries Technology Management:
Publisher	IEEE
Pages	282-290
Number of pages	9
Volume	2005
ISBN (Print)	1890843121, 9781890843120
DOIs	https://doi.org/10.1109/PICMET.2005.1509702
Publication status	Published - 19 Sept 2005
Event	PICMET '05: Portland International Conference on Management of Engineering and Technology - Portland, OR, United Kingdom Duration: 31 Jul 2005 → 4 Aug 2005

Conference

Conference	PICMET '05: Portland International Conference on Management of Engineering and Technology
Country/Territory	United Kingdom
City	Portland, OR
Period	31/07/05 → 4/08/05

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10.1109/PICMET.2005.1509702

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title = "Planning under uncertainty: Assessing the robustness of technology real options",

abstract = "This paper deals with the issue of flexibility in long term planning decisions. By shedding light on the converging and complementary features of Real Options Valuation (ROY) and Robustness Analysis (ROA), we suggest a new framework for assessing investments decisions under uncertainty. A two-dimensional model is provided to measure the feasibility of medium and long-range investments. An example based on a comparison of three IT projects is analysed for illustration.",

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booktitle = "A Unifying Discipline for Melting the Boundaries Technology Management:",

publisher = "IEEE",

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Driouchi, T & Leseure, MJ 2005, Planning under uncertainty: Assessing the robustness of technology real options. in A Unifying Discipline for Melting the Boundaries Technology Management:. vol. 2005, 1509702, IEEE, pp. 282-290, PICMET '05: Portland International Conference on Management of Engineering and Technology, Portland, OR, United Kingdom, 31/07/05. https://doi.org/10.1109/PICMET.2005.1509702

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AU - Driouchi, Tarik

AU - Leseure, Michel J.

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Y1 - 2005/9/19

N2 - This paper deals with the issue of flexibility in long term planning decisions. By shedding light on the converging and complementary features of Real Options Valuation (ROY) and Robustness Analysis (ROA), we suggest a new framework for assessing investments decisions under uncertainty. A two-dimensional model is provided to measure the feasibility of medium and long-range investments. An example based on a comparison of three IT projects is analysed for illustration.

AB - This paper deals with the issue of flexibility in long term planning decisions. By shedding light on the converging and complementary features of Real Options Valuation (ROY) and Robustness Analysis (ROA), we suggest a new framework for assessing investments decisions under uncertainty. A two-dimensional model is provided to measure the feasibility of medium and long-range investments. An example based on a comparison of three IT projects is analysed for illustration.

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DO - 10.1109/PICMET.2005.1509702

M3 - Conference publication

AN - SCOPUS:33748854254

SN - 1890843121

SN - 9781890843120

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BT - A Unifying Discipline for Melting the Boundaries Technology Management:

PB - IEEE

Y2 - 31 July 2005 through 4 August 2005

ER -

Planning under uncertainty: Assessing the robustness of technology real options

Abstract

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