About this document
Real Options Methodology for Project Schedules by Lester Ingber is a document available to read on EtoBox.
This document proposes a methodology called Real Options for Project Schedules (ROPS) to develop options for complex projects. ROPS uses three nested optimization shells: 1) An outer shell uses Adaptive Simulated Annealing to optimize project parameters. 2) A middle shell samples task duration distributions. 3) An inner shell samples task cost distributions. ROPS develops conditional probability distributions of costs over time using Monte Carlo sampling. It then calculates options and risk metrics like Gre
- Author
- Lester Ingber
- Language
- EN