Ian Ellingham + Corinivm-Peregrini Media
ABSTRACT
In this paper, three worked examples explore different ways
of evaluating flexible design strategies. The
first enumerates the number of different
physical configurations that are allowed, but a
weakness is that it does not take account of
the usefulness of the configurations. The
second example compares the enumeration of
configurations with the enumeration of activity
states; it is argued that the enumeration of
activity states is more satisfactory. However,
enumeration is not feasible for many real world
problems. The third example suggests that the
objectives of a flexible strategy can be
represented by its associated lifecycle options,
and shows how the value of a lifecycle option
can be estimated by simulation. The lifecycle
options approach to quantifying the benefits of
flexibility is widely applicable to real world
problems.