"Engineering Systems Analysis for Design" is a Course materials drawn from MIT Open Learning and catalogued under Engineering for Undergraduate / College. From the source: Engineering systems design must have the flexibility to take advantage of new opportunities while avoiding disasters. This subject develops “real options” analysis to create design flexibility and measure its value so that it can be… Slide Collection preserves the upstream link, the original creator credit and the licensing terms; download the file to use it in a classroom, study group or revision plan.
About this presentation
Engineering systems design must have the flexibility to take advantage of new opportunities while avoiding disasters. This subject develops “real options” analysis to create design flexibility and measure its value so that it can be incorporated into system optimization. It builds on essential concepts of system models, decision analysis, and financial concepts. Emphasis is placed on calculating value of real options with special attention given to efficient analysis and practical applications. The material is organized and presented to deal with the contextual reality of technological systems, that substantially distinguishes the analysis of real options in engineering systems from that of financial options. Note This MIT OpenCourseWare site is based on the materials from Professor de Neufville’s ESD.71 Web site. Additional materials, updated as needed by Professor de Neufville, can be found there.
How to study this deck
Engineering presentations frame trade-offs more than absolutes. As you study, list the constraints the slide is implicitly optimizing for (cost, weight, safety factor, manufacturability) — that list is the real lesson.
Undergraduate viewers should treat this as a scaffolding for deeper reading — the slides outline the territory, but the textbook chapters and primary sources remain the actual content.
Five questions to test your understanding
- What is the single most important claim on the first three slides, and what evidence is offered for it?
- Which slide could you remove without losing the argument? Which slide is load-bearing?
- Where does the deck switch from definitions to applications? Mark that transition.
- What would a student who already disagreed with the conclusion need to see to be convinced?
- Which two slides, if combined, would give the clearest one-slide summary of the whole deck?
Where this deck fits in the wider catalogue
Slide Collection classifies this presentation under Engineering, alongside other openly-licensed material in the same subject. If you are preparing a unit at the Undergraduate / College level, the dedicated combined Engineering · Undergraduate / College page is the fastest way to find adjacent decks with the same audience in mind.
Citation & reuse
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