Richard de Neufville

Publisher's Note: Products purchased from Third Party sellers are not guaranteed by the publisher for quality, authenticity, or access to any online entitlements included with the product.THE MOST PRACTICAL, COMPREHENSIVE GUIDE TO THE PLANNING, DESIGN, AND MANAGEMENT OF AIRPORTS--UPDATED BY LEADING PROFESSIONALS"With the accelerated rate of change occurring throughout the aviation industry, this edition is a timely and very effective resource for ensuring both airport professionals and those interested in airports acquire a comprehensive understanding of the changes taking place, and how they impact airports and the communities they serve. A must read." -- James M. Crites, Executive Vice President of Operations, Dallas/Fort Worth International Airport"Airport Systems has been a must read for my management team and my graduate students because of its outstanding comprehensiveness and clarity. Now further enhanced by an expanded treatment of both environmental and air carrier issues, it promises to retain its placeas the foremost text in the airport planning, engineering and management field." -- Dr. Lloyd McCoomb, retired CEO Toronto-Pearson Airport, Chair of Canadian Air Transport Security Authority"The chapter on Dynamic Strategic Planning should be required reading for every airport CEO and CFO. As de Neufville and Odoni emphasise, the aviation world is constantly changing and airport master planning must evolve to be more strategic and adaptable to ever changing conditions." -- Dr. Michael Tretheway, Chief Economist, InterVISTAS Consulting GroupOver the past decade, the airport industry has evolved considerably. Airport technology has changed. New research has taken place. The major airlines have consolidated, changing demand for airport services. In order to reflect these and other major shifts in the airport industry, some of the world's leading professionals have updated the premier text on airport design – making it, now more than ever, the field's most comprehensive resource of its kind.NEW TO THIS EDITION:Chapter-ending conclusions, with reference material, and exercisesCoverage of the latest aircraft technology and air traffic controlAdvances in the design, planning, and management of airportsAdditional chapter on Aircraft Impact on AirportsUpdated environmental regulations and international rulesTwo contributing authors from Massachusetts Institute of Technology

Provides a revolutionary conceptual framework and practical tools to quantify uncertainty and recognize the value of flexibility in real estate developmentThis book takes a practical "engineering" approach to the valuation of options and flexibility in real estate. It presents simple simulation models built in universal spreadsheet software such as Microsoft Excel®. These realistically reflect the varying and erratic sources of uncertainty and price dynamics that uniquely characterize real estate. The text covers new analytic procedures that are valuable for existing properties and enable a new, more profitable perspective on the planning, design, operation, and evaluation of large-scale, multi-phase development projects. The book thereby aims to significantly improve valuation and investment decision making.Flexibility and Real Estate Valuation under Uncertainty: A Practical Guide for Developers is presented at 3 levels. First, it introduces and explains the concepts underlying the approach at a basic level accessible to non-technical and non-specialized readers. Its introductory and concluding chapters present the important “big picture” implications of the analysis for economics and valuation and for project design and investment decision making.At a second level, the book presents a framework, a roadmap for the prospective analyst. It describes the practical tools in detail, taking care to go through the elements of the approach step-by-step for clarity and easy reference.The third level includes more technical details and specific models. An Appendix discusses the technical details of real estate price dynamics. Associated web pages provide electronic spreadsheet templates for the models used as examples in the book. Some features of the book include:• Concepts and tools that are simple and accessible to a broad audience of practitioners;• An approach relevant for all development projects;• Complementarity with the author's Commercial Real Estate Analysis & Investments—the most-cited real estate investments textbook on the market.Flexibility and Real Estate Valuation under Uncertainty: A Practical Guide for Developers is for everyone studying or concerned with the implementation of large-scale or multi-phase real estate development projects, as well as property investment and valuation more generally.

A guide to using the power of design flexibility to improve the performance of complex technological projects, for designers, managers, users, and analysts.Project teams can improve results by recognizing that the future is inevitably uncertain and that by creating flexible designs they can adapt to eventualities. This approach enables them to take advantage of new opportunities and avoid harmful losses. Designers of complex, long-lasting projects-such as communication networks, power plants, or hospitals-must learn to abandon fixed specifications and narrow forecasts. They need to avoid the "flaw of averages," the conceptual pitfall that traps so many designs in underperformance. Failure to allow for changing circumstances risks leaving significant value untapped. This book is a guide for creating and implementing value-enhancing flexibility in design. It will be an essential resource for all participants in the development and operation of technological systems: designers, managers, financial analysts, investors, regulators, and academics.The book provides a high-level overview of why flexibility in design is needed to deliver significantly increased value. It describes in detail methods to identify, select, and implement useful flexibility. The book is unique in that it explicitly recognizes that future outcomes are uncertain. It thus presents forecasting, analysis, and evaluation tools especially suited to this reality. Appendixes provide expanded explanations of concepts and analytic tools.