Flexibility Surprises – Its Significance and Its Value

Jochen Gerber, Hanjo Arms, Mathias Wiecher and Christian Danner
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Jochen Gerber: G5-Partners
Hanjo Arms: A.T. Kearney
Mathias Wiecher: A.T. Kearney

Chapter 5. in Leveraging Flexibility, 2014, pp 56-62 from Springer

Abstract: Abstract A racing team’s flexibility is linked directly to economic decisions, such as whether to invest in the construction of a wind tunnel or simply to rent one as needed. Such a decision is influenced by the fact that CFD technology (Computational Fluid Dynamics) diminished the necessity of wind tunnel testing. This means that capital previously tied up in fixed assets can now be invested in learning about other ways to enhance speed, such as upgrading the design and construction of the rear wing – flexibility in practice. For example, by making a small slit in the cockpit, airflow is created. This is then channeled to the rear wing while driving.

Keywords: Computational Fluid Dynamics; Wind Tunnel; Wind Tunnel Testing; Chinese Market; Growth Option (search for similar items in EconPapers)
Date: 2014
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DOI: 10.1007/978-3-642-54362-3_5

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