Publications, Papers, Theses and Bibliographies

for Theses, scroll to middle of table;
for Bibliographies and "Other Papers", go to bottom of list


Organized by Date

PAPERS
Using Flexibility to Improve Value-for-Money in Hospital Infrastructure Investments
Richard de Neufville, Yun S. Lee, and Stefan Scholtes
IEEE Conference ofn Instructure Systems, Rotterdam, 10-12 Nov., 2008

Using Flexibility to improve value-for-money in PFI projects
Richard de Neufville, Yun S. Lee and Stefan Scholtes
Symposium on Refining Health Care Infrastructure, 3-4 April 2008, Tanaka Business School, Imperial College London

Using Real Options to Increase the Value of Intelligent Transportation Systems
Richard de Neufville, Kenichi Hodota, Joseph Sussman, and Stefan Scholtes
Transportation Research Board, January 2008

Analysis and Applications of Design Structure Matrix, Domain Mapping Matrix, and Engineering System Matrix Framework
J. Bartolomei, M. Cokus, J. Dahlgren, R. de Neufville, R. Maldonado, and J. Wilds
June 2007

Extracting Value from Uncertainty: A Methodology for Engineering Systems Design
Michel-Alexandre Cardin, William Nuttall, Richard de Neufville, and John Dalgren,
17th. Annual International Symposium of the International Council on Systems Engineering (INCOSE), San Diego, June 2007.

Proposed Methodology for Valueing Start-Up or Research Companies

Nicola De Blasio, Raffaella Turatto and Richard de Neufville, Nuova Energia, Milan, No. 2, pp. 34 -37,  2007
http://www.nuova-energia.com/index.php?option=com_content&task=view&id=533&Itemid=113

Extracting Value from Uncertainty: Proposed Methodology for Engineering Systems Design

Michel-Alexandre Cardin, Richard de Neufville and John Dahlgren
Conference on Systems Engineering Research (CSER) Stevens Institute of Technology, Hoboken, NJ, March 2007

Marches Electriques: Securite Energetique et Diversification Technologique: Le Nucleaire comme Couverture face aux Risques de Prix du Gaz et du Carbone
Fabien Roques, William Nuttall, David Newbery, and Richard de Neufville,
La Revue de l'Energie, Number 568, Nov.-Dec., pp.373-385, 2005.  

Nuclear Power: A Hedge against Uncertain Gas and Carbon Prices?
Fabien Roques, William Nuttall, David Newbery, Richard de Neufville and Stephen Connors, Energy Journal, Number 4, Volume 27, 2006.


Maximizing Value from Large Projects: Implementing Flexibility in Public-Private Partnerships , Richard de Neufville and Stefan Scholtes,  Briefing Paper, May 2006

Design of Engineering Systems Under Uncertainty via Real Options and Heuristic Optimization
,  Rania Hassan and Richard de Neufville, Real Options Conference, New York, June 2006.

Real Options in Systems Design: A Methodological Compromise and its Implications , Konstantinos Kalligeros and Richard de Neufville, Real Options Conference, New York, June 2006.

Identification of Real Options "in" Projects
Tao Wang and Richard de Neufville,  16th. Annual International Symposium of the International Council on Systems Engineering (INCOSE) Orlando, July 2006.
Prize for Best Paper at INCOSE Conference

Screening for Real Options "in" Engineering Systems: A Step towards Flexible Weapons Development ,  
Jason Bartolomei, Richard de Neufville, Daniel Hastings and Donna Rhodes,
16th. Annual International Symposium of the International Council on Systems Engineering (INCOSE) Orlando, July 2006.

Platform Identification Using Design Structure Matrices

Konstantinos Kalligeros, Olivier de Weck, Richard de Neufville and Adrrian Luckins
16th. Annual International Symposium of the International Council on Systems Engineering (INCOSE) Orlando, July 2006.


Identification of Real Options "in" Projects ,  Tao Wang and Richard de Neufville, Conference on Systems Engineering Research (CSER), Los Angeles, CA, April 2006  

Research Agenda for an Integrated approach to Infrastructure Planning, Design, and Management
R. John Hansman, Chris Magee, Richard de Neufville, Renee Robins and Daniel Roos
Special Issue on "Next Generation Infrastructures,"  International Journal of Critical Infrastructures, Vol.3, Issue 2/3, pp.146-159, 2006.  
See also: http://www.inderscience.com/browse/index.php?


Valuing Options by Spreadsheet: Parking Garage Case Example
Richard de Neufville, Stefan Scholtes and Tao Wang -- ASCE Journal of Infrastructure Systems, Vol.12, No.2. pp. 107-111, 2006
Spreadsheet for this analysis

Latin American version of above:
Opciones reales en Hoja de Calculo: Caso de un edificio de parqueo
Version castellana con ayuda de Laura Escudero  (Feb 2008)
Opciones reales en Hoja de Cálculo:  Caso de un edificio de aparcamiento

Nuclear Power:  A Hedge against Uncertain Gas and Carbon Prices?
Fabien Roques, William Nuttall, David Newbery, and Richard de Neufville
Cambridge University, Electricity Policy Research Group Working paper EPRG 05/10, 2005

Value-at-Risk Analysis for Real Options in Complex Engineered Systems
Rania Hassan, Richard de Neufville, Olivier de Weck, Daniel Hastings and D. McKinnon
Systems, Man and Cybernetics, 2005 IEEE International Conference on Large Scale Infrastructures, Hawaii, 10-12 October  in Volume 4, pp. 3697-3704, Digital Object Identifier 10.1109/ICSMC.2005.1571721

Management of Technology Investment Risk with Real Options-Based Design: A case study of an innovative building technology
Lara Greden, Richard de Neufville and Leon Glicksman
Real Options Conference, Paris, 2005

Real Options "in" Projects
Tao Wang and Richard de Neufville
Real Options Conference, Paris, 2005
 
An options view of designing capacity:  an introductory tutorial

Stefan Scholtes, 2004

Uncertainty Management for Engineering Systems Planning and Design
Richard de Neufville et al, ESD Monograph, March 2004

Building Real Options into Physical Systems with Stochastic Mixed-Integer Programming
Richard de Neufville and Tao Wang, 8th Annual International Conference on Real Options, Montreal, Canada, June 2004  
http://www.realoptions.org/papers2004/de_Neufville.pdf

Architecting/Designing Engineering Systems Using Real Options
Richard de Neufville et al., ESD Symposium, Cambridge, MA May 2002

Staged Deployment of Communication Satellite Constellation in Low Earth Orbit
Olivier de Weck, Richard de Neufville and Matthieu Chaize
Jour. of Aerospace Computing, Information, and Communications, Vol. 1, No. 3, Mar., pp. 119-131, 2004

Enhancing the Economics of Communications Satellites via Orbital Reconfigurations and Staged Deployment

Olivier de Weck, Richard de Neufville and Matthieu Chaize
AIAA - 2003 - 6317, presented at AIAA Space Conference, Long Beach, CA, Sept. 2003


Real Options: Dealing With Uncertainty In Systems Planning And Design
Richard de Neufville - presented at International Conference on "Technology Policy and Innovation", June, 2001; published in Special Issue, Integrated Assessment, Vol. 4, No.1, pp. 26-34, 2003.

Hybrid Real Options Valuation of Risky Product Development Projects
Richard de Neufville and James Neely - International Journal of Technology, Policy and Management, Vol.1, No.1, pp.29-46, Jan. 2001

Dynamic Strategic Planning for Technology Policy
Richard de Neufville - International Journal of Technology Management, Vol.19, No.3/4/5,  pp.225-245, 2000


A Dynamic Technology Strategy for Xerox to Respond to the Threat of High-Tech Commoditization
Richard de Neufville and Ali Pirnar - International Journal of Technology Management, Vol.18,  No.1/2, pp.73-92, 1999


Defining Markets for New Materials -- Developing a Utility Methodology with Case Application

Richard de Neufville, Christophe Mangin, Frank Field and Joel Clark - Resources Policy, Vol. 21, No.3, pp.169-178,  September 1995

THESES
Richard-Duane Chambers
Tackling Uncertainty in Airport Design: A Real Options Approach,  MIT, September 2007
Spreadsheets for running analyses for Airport Expansion Exercises:
Readme
Runway Default;   Runway;
Terminal Expansion Default

Terminal Expansion 123456789

Baabak Barman and Kathryn Nash
A Streamlined Real Options Model for Real Estate Development
MIT Masters in Real Estate Development, September 2007

Shuichi Masunaga
A Comparative Study of Real Options Valuation Methods:  Economics-Based Approach vs. Engineering-Based Approach
MIT Masters in Real Estate Development, September 2007

Matthew Lister
Towards a New Real Estate: Innovative Financing for a Better Built Environment
MIT Masters in Real Estate Development, September 2007

Boyana Petkova
Strategic Planning for Rail System Design -- An Application for Portuguese High-Speed Rail,
University of Groningen, Master's Thesis in Industrial Engineering and Management, June 2007

Yun Shin Lee
Flexible Design in Public Private Partnerships: A PFI Case Study in the National Health Service
Judge Business School, University of Cambridge, June 2007.  Master's Dissertation supervised by Prof. Stefan Scholtes

Jason Bartolomei
Qualitative Knowledge Construction for Engineering Systems:  Extending the Design Structure Matrix Methodology in Scope and Perspective,  Doctoral Dissertation, MIT, June, 2007

Joshua McConnell
A Life-Cycle Flexibility Framework for Designing, Evaluating and Managing "Complex" Real Options: Case Studies in Urban Transportation and Aircraft Systems ,  Doctoral Dissertation, MIT, May 2007

Michel-Alexandre Cardin
Facing Reality: Design and Management of Flexible Engineering Systems , MIT, May, 2007

Abisoye Babajide
Real Options Analysis as a Decision Tool in Oil Field Development ,
MIT, February 2007

Darren Rivey
A Practical Method for Incorporating Real Options Analysis into US Federal Benefit-Cost Analysis Procedures ,  MIT,  January 2007

Konstantinos Kalligeros
Platforms and Flexibility in Large-Scale Engineering Systems ,  Doctoral Dissertation, MIT, May 2006

Kenichi Hodota
R&D and Deployment of Intelligent Transportation Systems: A Case Example of the Intersection Collision Avoidance Systems,   MIT, May 2006

Maggie Tsui
Valuing Innovative Technology R&D as a Real Option:  Application to Fuel Cell Vehicles ,  MIT,  September 2005

Tao Wang
Real Options "in" Projects and Systems Design -- Identification of Options and Solutions for Path Dependency,  Doctoral Dissertation, MIT, May, 2005

Lara Greden
Flexibility in Building Design:  A Real Options Approach and Valuation Methodology to Address Risk,   Doctoral Dissertation, MIT, April 2005

Geetanjali Mittal
Real Options Approach to Capacity Planning Under Uncertainty , MIT, February, 2004

Sophie Pochard
Managing Risks of Supply-Chain Disruptions: Dual Sourcing as a Real Option , MIT, August 2003

Tao Wang
Analysis of Real Options in Hydropower Construction Projects: A Case Study in China , MIT, August 2003

Natalia Ramirez
Valuing Flexibility in Infrastructure Developments: The Bogota Water Supply Expansion Plan ,
MIT, May 2002  [Prize for Best Thesis in Technology Policy]



OTHER PAPERS

Flexibility: The Secret to Transforming Risks into Opportunities -- Interview with S Scholtes
Business Digest, May 2007, No. 174
 
Beyond the Black Box , Simon Woolley and Fabio Cannizzo,
Final Working Draft, Sept 2004

Planning for Flexibility in Underground Mine Production Systems

Vassilios Kazakidis and M. Scoble  (2003) Mining Engineering, Amer. Inst. Min. and Metall. Pet. Eng., SME, 55(8), pp. 33-39.

Real Options Analysis: Where are the Emperor’s Clothes?
  Adam Borison, Stanford University
Version presented at Real Options Conference, Washington, DC July 2003
http://www.realoptions.org/abstracts/abstracts03.html
Real Options Analysis: Where are the Emperor's Clothes?
Journal of Applied Corporate Finance, 17(2) pp 17-31, Spring 2005

Real Options: Meeting the Georgetown Challenge  Thomas Copeland and Vladimir Antikarov
Journal of Applied Corporate Finance, 17(2) pp 32-51, Spring 2005

A Response to "Real Options: Meeting the Georgetown Challenge"  Adam Borison
Journal of Applied Corporate Finance, 17(2) pp 52-54, Spring 2005

The Effect of "Private"and "Public" Risks on Oilfield Asset Pricing: Empirical Insights into the Georgetown Real Options Debate    Gavin Kretzschmar and Peter Moles
Journal of Applied Corporate Finance, 18(2) pp 106-115, Spring 2006

Technology Investment Advisor:  An Options-Based Approach to Technology Strategy

William Rouse, Charles Howard, William Carns and E. James Prendergast
Information - Knowledge - Systems Management 2 (2000) pp 63-81  IOS Press

The Flaw of Averages
Samuel Savage
San Jose Mercury News, Oct. 8 2000


BIBLIOGRAPHIES

Eun Suk Suh  (from his dissertation: "Flexible Product Platforms," MIT Engineering Systems Division, Sept. 2005