Decision analysis of integrated system projects

Author

Lianzhong, Li ; Dong-Bing, Huang

Author_Institution

Sch. of Manage., Tainjin Univ., Tianjin, China

fYear

2010

fDate

16-18 April 2010

Firstpage

35

Lastpage

37

Abstract

By using dynamic programming it is discussed that under high uncertainty and competition how to make strategy decision on an integrated system project. The decision analysis model is proposed. Investment decision critical values of the project are solved and the values of the integrated system project are deeply discussed under the technologies and cost uncertainty. The models, which are developed in the paper, is better than others because the assumes of option pricing models are given up.

Keywords

decision making; dynamic programming; integrated software; investment; pricing; decision analysis; dynamic programming; integrated system projects; investment decision critical values; option pricing models; Cause effect analysis; Contracts; Costs; Decision making; Dynamic programming; Environmental economics; Investments; Pricing; Project management; Uncertainty; dynamic programming; economic evaluation; integrated system project; real option;

fLanguage

English

Publisher

ieee

Conference_Titel

Information Management and Engineering (ICIME), 2010 The 2nd IEEE International Conference on

Conference_Location

Chengdu

Print_ISBN

978-1-4244-5263-7

Electronic_ISBN

978-1-4244-5265-1

Type

conf

DOI

10.1109/ICIME.2010.5478187

Filename

5478187