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020			_a9789811507236
024	7		_a10.1007/978-981-15-0723-6 _2doi
040			_aES-MaUEC _bspa _cES-MaUEC _dES-MaUEC
050		4	_aHD30.27 _b2020 EB
100	1		_aCarmichael, D. G., _9672765 _d1948-
245	1	0	_aFuture-proofing-Valuing Adaptability, Flexibility, Convertibility and Options : _bA Cross-Disciplinary Approach _cby David G. Carmichael
250			_aPrimera edición 2020
264		1	_aSingapore _bSpringer _c2020
300			_a1 recurso en línea (XVI, 175 páginas) _b 48 ilustraciones
336			_2rdacontent _aTexto _btxt
337			_2rdamedia _aelectrónico _bc
338			_2rdacarrier _arecurso electrónico _bcr
347			_atext file _bPDF
490	0		_aManagement in the Built Environment _x2522-0047
490	0		_aEngineering (Springer-11647)
505	0		_aIntroduction -- A General Formulation -- Adaptable Infrastructure -- Project Delivery -- Convertible Contracts -- Real Options -- Investment -- Financial and Energy Options -- Discussion and Conclusions.
520	3		_aThis book presents a unifying approach to the valuation of incorporated flexibility. Flexibility, in general terms, recognizes future uncertainty and refers to being proactive now so as to secure the future possibility of being able to adapt, convert, or generally introduce a change, if it is worthwhile to do so at the time. That is, deliberate provision is made now in order to have the ability (but not the obligation) to adapt, convert, or change in the future; this change is discretionary, and depends on future circumstances. The applications demonstrated here cover engineering, building, housing, finance, economics, contracts, general management, and project management. The examples are as follows: designing/building features in infrastructure (including buildings and houses) such that the infrastructure can be adapted in response to future changes in climate, demographics, or usage; incorporating features in contracts such that the terms and conditions can be changed in response to changing situations; purchasing rights now such that options exist to buy or sell an asset in the future; structuring a financial investment agreement so that its terms and conditions can be changed in the future; structuring project payments to provide future guarantees of revenue if needed; and designing an operation such that it can be expanded, contracted, abandoned, switched, changed, delayed, or deferred in the future. The level of required mathematics is kept at a very modest level: an undergraduate knowledge of algebra and probability is all that is required. Numerical examples, accompanied by readily understandable diagrams, illustrate the methods outlined. The formulations are kept straightforward and accessible for practitioners and academics alike.
988			_aPrimersemestre_2020_Engineering
650		7	_2embne _aProspectiva _9149119
773	0		_tSpringer eBooks
776	0	8	_iPrinted edition: _z9789811507229
776	0	8	_iPrinted edition: _z9789811507243
776	0	8	_iPrinted edition: _z9789811507250
856	4	0	_uhttps://go.openathens.net/redirector/universidadeuropea.es?url=https://doi.org/10.1007/978-981-15-0723-6 _zAcceso a este recurso digital (usuarios Universidad Europea de Madrid)
942			_2lcc _cLE _n0
998			_b03/2020 _dz _eu _zSI