Learn · IDS.333 Risk and Decision Analysis

Lecture 23 of 45Videos

Unit 7: Drivers of Flexibility, Video 4: Balancing Overall Effect of Drivers

Prof. Richard de Neufville · Massachusetts Institute of Technology

At MIT OpenCourseWare

Credits and licence

From
IDS.333 Risk and Decision Analysis, Massachusetts Institute of Technology (at MIT OpenCourseWare)
Licence
CC BY-NC-SA 4.0, as MIT OpenCourseWare states it. Non-commercial use only.
Attribution
Prof. Richard de Neufville. IDS.333 Risk and Decision Analysis. Fall 2021. Massachusetts Institute of Technology: MIT OpenCourseWare, https://ocw.mit.edu/. License: Creative Commons BY-NC-SA.
Who can watch
Tweens profiles and older. How courses are placed

All the lectures

  1. Unit 2: the Forecast is always wrong, Video 1: Cost Estimates Video
  2. Unit 2: The Forecast is ‘Always’ wrong, Video 2: Demand Forecasts Video
  3. Unit 2: The Forecast is Always wrong, Video 3: Porcupine Graphs Video
  4. Unit 2: The Forecast is "Always" wrong, Video 4: Common Forecasting Process Inherently Flawed Video
  5. Unit 2: The Forecast is Always wrong, Video 5: Flaw of Averages 1-the Concept Video
  6. Unit 2: The Forecast is Always wrong, Video 6: Flaw of Averages 2-the Consequences Video
  7. Unit 4: Parking Garage Case Example, Video 1: Introduction Video
  8. Unit 4: Parking Garage Case Example, Video 2: Logic of Analysis Video
  9. Unit 4: Parking Garage Case Example, Video 3: Recognizing Uncertainty, Simulation Video
  10. Unit 4: Parking Garage Case Example, Video 4: Adding Flexibility Video
  11. Unit 4: Parking Garage Case Example, Video 5: Design to Manage Uncertainties Video
  12. Unit 4: Parking Garage Case Example, Video 6: Flexibility is Win-Win Video
  13. Unit 5: Mechanics of Simulation, Video 1: Concept—What Is Needed Video
  14. Unit 5: Mechanics of Simulation, Video 2: Recommended Process Video
  15. Unit 5: Mechanics of Simulation, Video 3: Outcomes and Target Curves Video
  16. Unit 5: Mechanics of Simulation, Video 4: Decision Rules and Unit Closure Video
  17. Unit 5: Mechanics of Simulation, Video 5: Physical Situation Video
  18. Unit 5: Mechanics of Simulation, Video 6: Simulation and Value Flexibility "on" Project Video
  19. Unit 5: Mechanics of Simulation, Video 7: Value of Flex "in" Project Video
  20. Unit 7: Drivers of Flexibility, Video 1: Five Main Drivers—Uncertainty is Most Important Video
  21. Unit 7: Drivers of Flexibility, Video 2: Economies of Scale Video
  22. Unit 7: Drivers of Flexibility, Video 3: Discount rate and Learning Promote Video
  23. Unit 7: Drivers of Flexibility, Video 4: Balancing Overall Effect of Drivers Video
  24. Unit 8: Decision Analysis 1, Video 1: Advantages Video
  25. Unit 8: Decision Analysis 2, Video 2: Decision Trees Video
  26. Unit 8: Decision Analysis 3, Video 3: Constructing Trees Video
  27. Unit 8: Decision Analysis 4, Video 4: Multistage Analysis Video
  28. Unit 8: Decision Analysis 5 Video 5: Retrospective Overview Video
  29. Unit 9: Value of Information, Video 1: Concept of Test Video
  30. Unit 9: Value of Information, Video 2: Value of Test Video
  31. Unit 9: Value of Information, Video 3: Expected Value of Sample Information Video
  32. Unit 9: Value of Information, Video 4: Expected Value of Perfect Information Video
  33. Unit 9: Value of Information 5, Video 5: Is Test Worthwhile? Video
  34. Unit 10: Utility Analysis and Multidimensional Evaluation, Video 1: Is Optimization Possible? Video
  35. Unit 10: Utility Analysis and Multidimensional Evaluation, Video 2: Diminishing Marginal Utility Video
  36. Unit 10: Utility Analysis and Multidimensional Evaluation, Video 3: Conditions for Value Function Video
  37. Unit 10: Utility Analysis and Multidimensional Evaluation, Video 4: Consequences Video
  38. Unit 10: Utility Analysis and Multidimensional Evaluation, Video 5: There's No Valid Group Utility Video
  39. Unit 10: Utility Analysis and Multidimensional Evaluation, Video 6: Dominated Solutions Video
  40. Unit 10: Utility Analysis and Multidimensional Evaluation, Video 7: Robustness and Take-aways Video
  41. Unit 11: De-Salt and LNG Cases, Video 1: De-Salt Plant Australia Video
  42. Unit 11: LNG Case 1, Video 2: Introduction Video
  43. Unit 11: LNG Case 2, Video 3: Initial Analysis Video
  44. Unit 11: LNG Case 3, Video 4: Learning effects Video
  45. Unit 11: LNG Case 4, Video 5: Final Analysis Video