American Journal of Engineering and Technology Management
Volume 4, Issue 2, April 2019, Pages: 47-56
Received: Apr. 25, 2019;
Accepted: May 29, 2019;
Published: Jun. 12, 2019
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Joseph R. Laracy, Department of Mathematics and Computer Science, Seton Hall University, South Orange, USA; Department of Systematic Theology, Seton Hall University, South Orange, USA
Thomas Marlowe, Department of Mathematics and Computer Science, Seton Hall University, South Orange, USA
Software and systems engineering for aerospace platforms presents many unique challenges. The decision if, and how, to employ software product line architectures is one recurring question. Real options analysis—applying option valuation techniques to budgeting decisions—can be a powerful tool for engineering managers, project leaders, and mission directors. In this paper, we demonstrate a real options valuation approach to explore this question.
Joseph R. Laracy,
A Real Options Analysis of Spacecraft Software Product Line Architectures, American Journal of Engineering and Technology Management.
Vol. 4, No. 2,
2019, pp. 47-56.
Jim Bridenstine, “NASA Administrator Statement on Return to Moon in Next Five Years,” Text, NASA, last modified March 26, 2019, accessed March 27, 2019, http://www.nasa.gov/press-release/nasa-administrator-statement-on-return-to-moon-in-next-five-years.
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See Richard de Neufville, “Real Options: Dealing with Uncertainty in Systems Planning and Design,” Integrated Assessment 4, no. 1 (2003): 26–34; Richard de Neufville and Stefan Scholtes, Flexibility in Engineering Design, Engineering Systems (Cambridge, MA: The MIT Press, 2011).
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