Summaries - Office of Research & Innovation
Research Summaries
Back Critical Factor Identification and Risk Assessment for Readiness and Cost Trade-Off Analysis
Fiscal Year | 2014 |
Division | Graduate School of Business & Public Policy |
Department | Graduate School of Business & Public Policy |
Investigator(s) |
Sanchez, Susan M.
Kang, Keebom |
Sponsor | Marine Corps Systems Command (Marine Corps) |
Summary | We propose risk assessment of life cycle cost and readiness analysis, in which we examine the probability that cost will exceed a certain threshold dollar amount, and the probability that readiness falls below a certain threshold. Program managers may be critically concerned with the probability that readiness falls below a planning threshold, or that cost exceeds a given budget: they typically have less concern about the average values. This risk assessment extends (and will be incorporated into) previous work on a prototype integrative system management decision-support tool. Another enhancement will be linking depot turn-around time to other logistics factors via a model, rather than separate inputs. We will use state-of-the-art designed experiments for verification and validation (V&V) of the new features, and to identify key drivers of readiness and cost risks. |
Keywords | |
Publications | Publications, theses (not shown) and data repositories will be added to the portal record when information is available in FAIRS and brought back to the portal |
Data | Publications, theses (not shown) and data repositories will be added to the portal record when information is available in FAIRS and brought back to the portal |