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Driving innovations in manufacturing: Open Access research from DMEM

Strathprints makes available Open Access scholarly outputs by Strathclyde's Department of Design, Manufacture & Engineering Management (DMEM).

Centred on the vision of 'Delivering Total Engineering', DMEM is a centre for excellence in the processes, systems and technologies needed to support and enable engineering from concept to remanufacture. From user-centred design to sustainable design, from manufacturing operations to remanufacturing, from advanced materials research to systems engineering.

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Management tools for real options techniques and task analysis

Durrani, T.S. and Forbes, S.M. and McKinven, A.T. (2001) Management tools for real options techniques and task analysis. In: Conference on Change Management and the New Industrial Revolution (IEMC 01), 2001-10-07 - 2001-10-09.

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Abstract

This paper is concerned with the extension of work presented at the last IEMC, where a new methodology was proposed for the assessment and validation of the value delivered in the development of new products based on the use of real options techniques [1]. It has become evident that the real options approach offers a more robust alternative to current project evaluation processes, and that there is a need for a user friendly, easy assimilated tool that can be used to implement these techniques.