Unit 4: Parking Garage Case Example, Video 4: Adding Flexibility

MIT IDS.333 Risk and Decision Analysis, Fall 2021Instructor: Richard de NeufvilleView the complete course: https://ocw.mit.edu/courses/ids-333-risk-and-decision-analysis-fall-2021/YouTube Playlist: https://www.youtube.com/playlist?list=PLUl4u3cNGP62jwhTqp8_1kwrkDkxZhpQCUploaded 28-09-22This video shows how Flexibility can reduce downside performance (e.g. by committing less at start) and take advantage of favorable situations (by being able to add capacity of functions or both).This video has been dubbed using an artificial voice via https://aloud.area120.google.com to increase accessibility. You can change the audio track language in the Settings menu.License: Creative Commons BY-NC-SAMore information at https://ocw.mit.edu/termsMore courses at https://ocw.mit.eduSupport OCW at http://ow.ly/a1If50zVRlQWe encourage constructive comments and discussion on OCW’s YouTube and other social media channels. Personal attacks, hate speech, trolling, and inappropriate comments are not allowed and may be removed. More details at https://ocw.mit.edu/comments. Learn more about your ad choices. Visit megaphone.fm/adchoices Learn more about your ad choices. Visit megaphone.fm/adchoices