Flexible and Adaptable Ship Options: Assessing the Future Value of Incorporating Flexible Ships Design Features Into New Navy Ship Concepts
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Authors
Mun, Johnathan C.
Housel, Thomas J.
Subjects
Advisors
Date of Issue
2017-03
Date
2017-03
Publisher
Monterey, California. Naval Postgraduate School
Language
Abstract
To successfully implement the Surface Navy's Flexible Ships concept, PEO-SHIPS requires a new methodology that assesses the total future value of various combinations of Flexible Ships design features and how they will enable affordable warfighting value over the shipﾒs full service life. Examples of Flexible Ships design features include decoupling payloads from platforms, standardizing platform-to-payload interfaces, allowance for rapid reconfiguration of onboard electronics and weapons systems, preplanned access routes for mission bays and mission decks, and allowance for sufficient growth margins for various distributed systems. The current research analyzes the application of strategic Real Options Valuation methodology within the Integrated Risk Management process to assess the total future value of Flexible Ship design feature options. This approach can be used to support the Future Surface Combatant Analysis of Alternatives technique. The current research has the explicit goal of proposing a reusable, extensible, adaptable, and comprehensive advanced analytical modeling process. This methodology is designed to help U.S. Navy decision-makers in quantifying, modeling, valuing, and optimizing a set of ship design options to support a business case for making strategic acquisition decisions in the context of various quantifiable uncertainties.
Type
Report
Description
Series/Report No
Department
Organization
Identifiers
NPS Report Number
SYM-AM-17-074
Sponsors
Naval Postgraduate School Acquisition Research Program
Funder
Format
Citation
Distribution Statement
Rights
This publication is a work of the U.S. Government as defined in Title 17, United States Code, Section 101. Copyright protection is not available for this work in the United States.