Moreover the empirical study open out that if the flexibility in building process is increased, the value of defer option would be weakened and the critical value would be decreased.

同时实证研究揭示了如果提高建造过程的灵活性，等待期权的价值会受到削弱，开发临界值将降低。

youdao

When you defer design decisions, you're reserving your option to change.

当您推迟设计决定时，您是在保留对更改的选择。

youdao

But parents should have a choice about whether a child is full-time or part-time and there should be the option to defer entry until later in the school year.

BBC: School odds stacked against summer babies, says IFS