ESD 344 - Real Options for Product and Systems Design

Institution:

Massachusetts Institute of Technology

Subject:

Description:

Studies the theory and practice of implementing flexibility (real options) in the design of products and systems. Topics include recognition of uncertainty, identification of best opportunities for flexibility, and valuation of these options and their effective implementation. Enables effective and efficient adaptation to future changes. Students apply the concepts by working in teams on an ongoing product development project. Final product is an advanced, dynamic business plan for design and deployment of products.

Credits:

3.00

Credit Hours:

Prerequisites:

Prereq: None

Corequisites:

Exclusions:

Level:

Instructional Type:

Lecture

Notes:

Additional Information:

Historical Version(s):

Institution Website:

web.mit.edu/student/

Phone Number:

(617) 253-1000

Regional Accreditation:

New England Association of Schools and Colleges

Calendar System:

Four-one-four plan

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