TY - GEN
T1 - Calculations of flexibility in space systems
AU - Nilchiani, Roshanak
AU - Hastings, Daniel
AU - Joppin, Carole
PY - 2005
Y1 - 2005
N2 - One of the important aspects of Engineering Systems design is the measurement of flexibility. In this paper, different measures for flexibility are applied to an orbital transportation network, which provides on-orbit servicing capability. The paper introduces provider-side as well as customer-side flexibility metrics that can be used to evaluate different architectures on the basis of their flexibility. These two sets of approaches to calculating flexibility for space systems highlight the different ways flexibility can be valued, be it in terms of flexibility metrics or real option values. The choice of methodology depends on the context and the engineering system in question, as well as what kind of outputs are expected. While the case studies discussed here are focused on space systems, these measures of flexibility can also be expanded to many other engineering systems.
AB - One of the important aspects of Engineering Systems design is the measurement of flexibility. In this paper, different measures for flexibility are applied to an orbital transportation network, which provides on-orbit servicing capability. The paper introduces provider-side as well as customer-side flexibility metrics that can be used to evaluate different architectures on the basis of their flexibility. These two sets of approaches to calculating flexibility for space systems highlight the different ways flexibility can be valued, be it in terms of flexibility metrics or real option values. The choice of methodology depends on the context and the engineering system in question, as well as what kind of outputs are expected. While the case studies discussed here are focused on space systems, these measures of flexibility can also be expanded to many other engineering systems.
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M3 - Conference contribution
AN - SCOPUS:84883435969
SN - 9781622769285
T3 - 15th Annual International Symposium of the International Council on Systems Engineering, INCOSE 2005
SP - 1565
EP - 1578
BT - 15th Annual International Symposium of the International Council on Systems Engineering, INCOSE 2005
T2 - 15th Annual International Symposium of the International Council on Systems Engineering, INCOSE 2005
Y2 - 10 July 2005 through 15 July 2005
ER -