While there is practitioner interest in real options (RO), there are significant difficulties in practitioner use of complicated RO models, such as compound options pricing models (OPMs) of multistage investments. Drawing upon theories of learning and knowledge, we propose a general framework...

This paper presents a novel method to quantify the effects of human-related factors on the risk of failure in manufacturing industries. When failures can be caused by operators, the decision maker must intervene to mitigate operator-related risk. There are numerous intervention methods possible;...