Toward affordable systems
Subtitle: portfolio analysis and management for Army science and technology programs
By: Brian G. Chow, Richard Silberglitt, Scott Hiromoto.
Contributors: Silberglitt, R. S.; Hiromoto, Scott.; Arroyo Center.
Series: RAND Corporation monograph series; Rand Corporation monograph series
Publisher: RAND
Published: 2009
Place of publication: Santa Monica, CA
Language: eng
Number of pages: 153
ISBN-13: 9780833046826
Subjects: United States. -- Army -- Cost control; Military research -- United States -- Management; Military research -- United States -- Cost control
Other titles: Portfolio analysis and management for Army science and technology programs
Description: Consistent with U.S. Department of Defense acquisition policy since 2003, U.S. Army leadership has called for consideration of lifecycle cost at system design and technology development stages so that adjustments can be made early enough to ensure affordability. This study developed and demonstrated a method and model to incorporate lifecycle cost into the portfolio analysis and management process for Army Science and Technology programs. The linear programming model developed here can select an optimized portfolio of Science and Technology projects to meet all individual capability requirements at the lowest total remaining lifecycle cost. The study results demonstrate several applications important to the management of Army Science and Technology programs, as well as estimation methods for the contribution of Science and Technology projects to capability requirements and for cost components.
Notes: Includes bibliographical references (p. 149-153).