This table provides information about both the lecture (L) and recitation (R) sessions.

L1 Introduction: course organization and learning objectives, uncertainty exercise, Garage case concepts  
L2 Discounting: standard and certainty-equivalence Project selection specification due
R1 Review of groups and projects  
L3 Economic model of options applied to real estate  
L4 Economic model of options (cont.): underlying asset dynamics and GIGO issues  
R2 Discussion of uncertainties in your projects  

Design structure matrix (DSM)

Identification of points of flexibility

Project uncertainties report due

DSM follow-up

Discussion of development process

R3 DSM questions and answers  
L7 Garage case: detailed analysis and exposition of “engineering analysis approach” Project road map due

Practical workshop on mechanics

How pdfs work in Excel


Multidimensional evaluation

Satellite fleet case


Discussion of Monte Carlo analyses

Workshop on finalizing your reports

Project Monte Carlo analysis due
R5 Experiment results presentation  
L10 Flexibility in real estate development – case examples of vertical and horizontal expansion  
L11 Scheduled reviews with teams: what does your model teach us? Project draft final reports due
L12 Team presentations Project final report due