Book Portfolio-analysis methods for assessing capability options / Paul K. Davis, Russell D. Shaver, Justin Beck.
Associated Name: Shaver, R. D.
Associated Name: Beck, Justin.
Associated Name: Rand Corporation.
Associated Name: United States. Department of Defense. Office of the Secretary of Defense
Associated Name: National Defense Research Institute (U.S.)
Publication year: 2008.
Call Number SEE URL
Media class: Book
Publisher: Santa Monica, CA : RAND Corporation
ISBN: 9780833042149 0833042149
"Prepared for the Office of the Secretary of Defense."
"National Defense Research Institute."
Series title: Rand Corporation monograph series ; MG-662-OSD
Extent: 1 online resource col. illustrations, color charts
This monograph presents and illustrates in some detail an analytical framework and methodology for defensewide capability-area reviews and describes new enabling tools to support capabilities analysis and related tradeoff work within the Department of Defense and the military Services. The Building Blocks to Composite Options Tool (BCOT) is used to generate and screen preliminary options, and the Portfolio-Analysis Tool (PAT) enables users to evaluate in a portfolio-analysis structure those options that pass screening. Variants of the methods can be applied for analysis across capability areas or for strategic-level defense planning, id est, force planning to establish the overall mix and balance of capabilities. The concepts are illustrated with applications to the capability areas of Global Strike and Ballistic Missile Defense (BMD). Further research is recommended in four areas that promise to have a high payoff for defense planning: analysis cutting across capability areas; strategic-level portfolio analysis; advancing the science of exploratory analysis; and refinement of BCOT and PAT to make them easier to use, understand, modify, and maintain and also to enrich their utility for exploratory analysis and to incorporate new techniques for portfolio analysis developed in the fields of economics and business planning.
Introduction -- Background : the capabilities-development process -- A framework and a generic terms of reference -- Tools to enable the framework -- A notional example : global strike -- A second example : ballistic missile defense -- Conclusions and next steps.