Applying Multi-Criteria Decision-Making to the Technology Investment Decision-Making Process
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Authors
Ivan, Thomas R.
Ille, Edward E.
Subjects
Advisors
Date of Issue
2021-05-10
Date
05/10/21
Publisher
Monterey, California. Naval Postgraduate School
Language
Abstract
Department of Defense (DoD) activities are pursuing innovative solutions to communication and electromagnetic warfare challenges, especially for contested electromagnetic (EM) environments. Candidate technologies suitable for this environment are in a state of near-constant change. Current approaches for selecting these technologies for investment of limited resources can be inconsistent and based on subjective assessments and biased decision-making processes. Decision-makers require a structured and objective approach to technology selection and investment decision-making. Multi-Criteria Decision-Making (MCDM) methods provide this structured, consistent, and repeatable approach (Georgiadis et al., 2013). To improve return on investment (ROI) of increasingly limited resources, candidate technologies and associated enabling products must be objectively evaluated against relevant measurable criteria. Implementing MCDM methods as part of the technology investment decision-making process increases consistency, objectivity, and repeatability of the process, leading to increased ROI of limited resources. To research applicability and value of MCDM to technology investment decisions, this paper focuses on technology evaluation within a single domain, Private Cellular Networks, for use in U.S. and mission partner tactical operations. A decision framework for Private Cellular Network technology investment decision-making is presented to serve as a model for larger and more complex technology investment decisions using MCDM methods.
Type
Presentation
Description
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NPS Report Number
SYM-AM-21-059
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Prepared for the Naval Postgraduate School, Monterey, CA 93943.
Naval Postgraduate School
Naval Postgraduate School
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Citation
Distribution Statement
Approved for public release; distribution is unlimited.
Approved for public release; distribution is unlimited.
Approved for public release; distribution is unlimited.
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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.