Print Email Facebook Twitter Flexibility in Port Planning and Design Part of: Port Infrastructure Seminar 2010· list the conference papers Title Flexibility in Port Planning and Design Author Taneja, P. (p.taneja@tudelft.nl) (TU Delft, Civil Engineering and Geosciences, Hydraulic Engineering) Ligteringen, H. (h.ligteringen@tudelft.nl) (TU Delft, Civil Engineering and Geosciences, Hydraulic Engineering) Walker, W.E. (w.e.walker@tudelft.nl) (TU Delft, Technology, Policy and Management, Department of Technology, Dynamics and Sustainable Development) Date 2010-06-22 Abstract Recently, flexibility has received much attention from port researchers, designers, and managers. That is because the stability of the competitive environment of the past has been replaced by increasing uncertainty. The current economic crisis and the recent trends in ports and shipping sectors are causing port planners to rethink their approach towards port planning, design and project evaluation. Attributes such as flexibility and adaptability can provide a port infrastructure system with the capacity to be useful under changing requirements, making it robust in face of uncertainty, lengthening its economic lifetime, and thereby guaranteeing payback on investments. Due to the burgeoning research in the field, new measures, new evaluation methods, and new theories and approaches for incorporating flexibility in large-scale infrastructure design have appeared. Adaptive port planning methods are being advocated in place of traditional planning approaches. Design for obsolescence is being suggested as an alternative for building in redundancy in port infrastructure design. Flexibility and adaptability are being added to the list of life cycle properties. Real option methods are being recommended for project evaluation under uncertainty. The objective of this paper is to examine the present trends in the port sector and the current practices in port planning, design, and project evaluation. Having identified the inadequacy of these practices under uncertainty, the paper recommends integrating flexibility in designs and processes. It further suggests that Adaptive Port Planning methods, which include Real Options Analysis for valuing flexibility, are better suited in times of uncertainty than the traditional methods. Subject port planningadaptive planninguncertaintyflexibility To reference this document use: http://resolver.tudelft.nl/uuid:ee8797d1-329a-4d71-8e1c-5e899e138bfe Part of collection Conference proceedings Document type conference paper Rights (c) 2010 Taneja, P.; Ligteringen, H.; Walker, W.E. Files PDF Taneja.pdf 842.53 KB PDF Flexibility_and_adaptabil ... Taneja.pdf 170.26 KB Close viewer /islandora/object/uuid:ee8797d1-329a-4d71-8e1c-5e899e138bfe/datastream/OBJ1/view