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SUMMARY:Seminar by Prof. Michel-Alexandre Cardin\, National University of 
 Singapore
DTSTART:20160211T150000
DTEND:20160211T163000
DTSTAMP:20260429T175749Z
UID:94f98daa7f42c87f1e14dc6f01fe405159566569c17e0229884c71f9
CATEGORIES:Conferences - Seminars
DESCRIPTION:Prof. Michel-Alexandre Cardin\, National University of Singapo
 re\n"Generating flexibility in the design of engineering systems to enable
  better sustainability and lifecycle performance"\net\n"Enabling Flexibili
 ty in Engineering Systems: A Taxonomy of Procedures and a Design Framework
 "Abstract\nArchitecting\, designing\, and managing complex engineering sys
 tems like infrastructures are increasingly challenging tasks. Architects\,
  designers and operators are required to design and manage large-scale\, s
 ystems of high complexity that will perform well over long-time horizons\,
  inevitably facing uncertainty in changing operating\, markets\, regulator
 y\, and technological environments. Designing engineering systems for flex
 ibility – also known as real option – is an emerging paradigm that aim
 s to provide the system with the ability to adapt pro-actively to changing
  conditions\, so as to extract additional economic value and performance f
 rom uncertainty. Inspired from the fields of finance and economics\, this 
 paradigm aims to improve standard engineering design and project evaluatio
 n by focusing on better management of the distribution of performance outc
 omes and risks through flexibility\, considering architectures and designs
  that enable better protection against downside conditions – acting like
  an insurance policy – and providing contingencies to capitalize on upsi
 de opportunities – like a call option on a stock.\nThe talk provides an 
 overview of the latest research developments in this emerging field by int
 roducing a framework to enable flexibility in engineering systems under un
 certainty. The framework can also be used as taxonomy to classify the late
 st procedures developed to support this process as part of early conceptua
 l architecture and design activities. Novel procedures are introduced cove
 ring topics such as creative concept generation techniques\, design space 
 exploration using optimization and statistical techniques\, and process ma
 nagement using simulation games. Procedure evaluation is done through exam
 ple studies in waste-to-energy and emergency medical services\, two exampl
 es of urban infrastructure systems.
LOCATION:EPFL\, ODY -10019.2  http://plan.epfl.ch/?zoom=19&recenter_y=5863
 771.98899&recenter_x=731534.25151&layerNodes=fonds\,batiments\,labels\,inf
 ormation\,parkings_publics\,arrets_metro\,transports_publics&floor=-1&q=OD
 Y_-10019.2%20
STATUS:CONFIRMED
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