Measuring the Value of Designing for Uncertain Future Downward Budget Instabilities

Journal of Spacecraft and Rockets

Volumn 41, Issue 1, 2004, Pages 111-119

  Weigel, Annalisa L ^a,b,c   Hastings, Daniel E ^a,b,c,d  

^a MASSACHUSETTS INSTITUTE OF TECHNOLOGY   (United States)

^b Engineering Systems Division   (United States)

^c Department of Aeronautics ^*  (United States)

^d Technology and Policy Program

Author keywords

[No Author keywords available]

Indexed keywords

BUDGET CONTROL; COSTS; OPTIMIZATION; PARETO PRINCIPLE; PUBLIC POLICY; ROBUSTNESS (CONTROL SYSTEMS); SATELLITE OBSERVATORIES; SCHEDULING; SYSTEMS ANALYSIS;

POLITICAL ASPECTS; SPACE SYSTEMS;

SPACE FLIGHT;

EID: 1542711569     PISSN: 00224650     EISSN: 15336794     Source Type: Journal    
DOI: 10.2514/1.9271     Document Type: Article

References (7)

1. Weigel, A. L., and Hastings, D. E., "Interaction of Policy Choices and Technical Requirements for a Space Transportation Infrastructure," Acta Astronautica, Vol. 52, No. 7, 2003, pp. 551-562.
2. Augustine, N. A., Augustine's Laws, Viking, New York, 1986, p. 137.
3. Amram, M., and Kulatilaka, N., Real Options: Managing Strategic Investment in an Uncertain World, Harvard Business School Press, Boston, 1999.
4. Trigeorgis, L., Real Options: Managerial Flexibility and Strategy in Resource Allocation, MIT Press, Cambridge, MA, 1996.
5. Neely, J. E., III, and de Neufville, R., "Hybrid Real Options Valuation of Risky Product Development Projects," International Journal of Technology Policy and Management, Vol. 1, No. 1, 2001, pp. 29-46.
6. "Making Appropriations for the Department of Defense for the Fiscal Year Ending September 30, 1996, and for Other Purposes," U.S. House of Representatives, Rept. 104-344, 1995.
7. "Appropriations for the Department of Defense for the Fiscal Year Ending September 30, 1998, and for Other Purposes," U.S. House of Representatives, Rept. 105-265, 1997.