Fiscal Year	2021
Division	Research & Sponsored Programs
Department	NPS Naval Research Program
Investigator(s)	Huang, Jefferson Hermis, Judith M
Sponsor	Office of the Chief of Naval Operations (Navy)
Summary	Strategic fiscal analysis to support and interpret decisions is critical to defending the Navy's Program Objective Memorandum (POM). Historically, the Navy has tried to optimize its financial budget portfolio using a variety of models and approaches. However, these approaches have fallen short for a number of reasons, including their inability to incorporate uncertainty into financial planning. The objective of this research effort is to help develop an objective function that can optimize financial portfolios under conditions of uncertainty, such as cost, scheduling, performance, and adversary nations" strategies. We will first review cutting-edge solutions from private and public sector entities to identify suitable solutions to budgeting under conditions of uncertainty. We will then use sponsor-provided mockup data to evaluate the ability of various solutions to optimize under likely conditions. Finally, we will use our findings to make implementation suggestions.
Keywords	Budgeting Finance Optimization Portfolio
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