Research Summaries

Back Optimizing Large Financial Portfolios

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