“…Evaluation methods such as utility theory, cost-benefit analysis, and optimization aid in selecting among alternatives, while techniques apply subjective or imprecise probabilities, intervals, possibility theory, or evidence theory to model uncertainty (Dym et al, 2005). Network theory (Silver and De Weck, 2007;Siddiqi, 2006), stock-option theory (Walton, 2002), time-dependent reliability theory (Singh et al, 2010, Frangopol et al 2011, and game theory (Briceno and Mavris 2006;Coulter and Bras, 1997) have been applied to value and direct design change.…”