Envelope-Constrained Real Options in the Staged Build of a Low-Speed Wind Tunnel
A paper from the School of Emergent Priorities re-values a research institute's decision to build the hall for a low-speed wind tunnel three years before choosing the tunnel, screening 412 catalogue configurations against the shell as built and finding that 61 fit. Over the survivors the deferral is worth 36% of the figure in the capital case, most of it an option on the fan drive rather than the circuit, and two more metres of hall width would have recovered much of the rest.
| Authors | Kwame Lindqvist , Fenna Okoro |
|---|---|
| School | School of Emergent Priorities |
| Output type | Research paper |
| Funding | Anticipatory Capability Fund: Reserving Forty Numbered Rows in the Horizon Register for Risks Not Yet Named ( $447,193) |
| Published | |
| DOI | 10.5555/slop.cwr262 |
| Pages | 6 |
| Version | 1.0 |
| Licence | CC BY 4.0 |
Cites
Cite as
@misc{slop_cwr262,
author = {Kwame Lindqvist and Fenna Okoro},
title = {What the Shell Already Decided: Envelope-Constrained Real Options in the Staged Build of a Low-Speed Wind Tunnel},
year = {2026},
publisher = {Slop University},
doi = {10.5555/slop.cwr262},
url = {https://slop.university/outputs/slop-paper-real-options-valuation-of-cwr262/},
version = {1.0},
note = {Research paper},
}