Portfolio management decision support tools analysis relating to management value metrics

Abstract

The general area of research is Maritime Domain Awareness, where we will be looking at the ship tracking process in prevention and interdiction functions. The objective of this research is to demonstrate that the Knowledge Value Added (KVA) and Real Options (RO) methodologies can be used to assess the current performance of core Maritime Domain Awareness (MDA) processes. This type of approach will help with identification and valuation of future options for an MDA process. The results of this research will assist MDA managers, and operational leaders, in making portfolio management decisions for allocating resources to create the correct support tools for MDA processes and support systems. The research will provide a proof of concept test of a set of decision support tools to support managers in the MDA ship tracking process. We also explored a new methodology for determining value added of management.