Conclusions

1. In Open Design, the uncertainty related to the willingness of stakeholders to change their constraints can be reduced by asking them to give three values for their constraint:

1. An ideal value;

2. An acceptable value;

3. A walk-out value.

This enables a far greater insight to be gained from LP calculations before entering into negotiations with stakeholders to change their constraints.

2. The variable to be optimised in the final LP calculations should in general be financial return, preferably the Internal Rate of Return. All other variables are to be treated as (negotiable) constraints.

3. Risk assessment should be done by Monte Carlo simulations. The resulting risk profiles enable the trade-off to be made between high return-high risk and moderate return-low risk alternatives.

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