This table provides information about both the lecture (L) and recitation (R) sessions.
| SES # | TOPICS | KEY DATES |
|---|---|---|
| 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 | |
| L5 |
Design structure matrix (DSM) Identification of points of flexibility |
Project uncertainties report due |
| L6 |
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 |
| R4 |
Practical workshop on mechanics How pdfs work in Excel |
|
| L8 |
Multidimensional evaluation Satellite fleet case |
|
| L9 |
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 |
