Title :
Decision analysis of integrated system projects
Author :
Lianzhong, Li ; Dong-Bing, Huang
Author_Institution :
Sch. of Manage., Tainjin Univ., Tianjin, China
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;
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
DOI :
10.1109/ICIME.2010.5478187
