Real options valuation in the design of future surface combatants
Majchrzak, Lauren B.
MetadataShow full item record
In a rapidly evolving world, the U.S. Navy must build an affordable, sustainable fleet of surface combatants that is capable of keeping pace with any threat. This can only be accomplished with a highly sophisticated fleet of reconfigurable vessels capable of meeting their service-life expectancy of 40 years. Modular Adaptable Ship (MAS) designs that include flexibility, decoupled payloads from the platform, standard interfaces, planned access routes, and growth margin for future technological advances present a viable option for the U.S. Navy. If the design approach to future surface combatants incorporates the use of Real Options Valuation (ROV) within the Integrated Risk Management (IRM) framework to account for unknown risk at the time of design, a reasonable portfolio of design options can be presented throughout the various stages of production. From our examination of the use of modular payloads on the Freedom (LCS-1) and Independence (LCS-2) classes and the planned access routes and growth margin for modernization on the San Antonio (LPD-17) class, a strong case can be made that a surface combatant designed with flexibility and adaptability would afford benefits, ultimately, to all entities within the Department of Defense.
Approved for public release; distribution is unlimited
Showing items related by title, author, creator and subject.
The analysis of components, designs, and operation for electrical propulsion and Integrated Electrical System Arrington, Jess W. (Monterey, California. Naval Postgraduate School, 1998-09-01);The surface combatant of the 21st century will be designed to support a myriad of tasks requiring greater flexibility and endurance while keeping construction, maintenance and operating costs to a minimum. As a result the ...
Cooling system design tool for rapid development and analysis of chilled water systems aboard U.S. Navy surface ships Sanfiorenzo, Amiel B. (Cambridge, Massachussetts, Massachussetts Institute of Technology, 2013-06);Over the last several decades, there has been a dramatic increase in the complexity and power requirements of radars and other combat systems equipment aboard naval combatants and this trend is expected to continue for ...
Calvano, Charles Natale; Harney, Robert C.; Wickersham, David; Farsaris, Ioannis; Malone, Philip; Ruley, David; York, Nathan (Monterey, California. Naval Postgraduate School, 2000-01); NPS-ME-00-001A systems engineering approach to the design of a ship conversion to satisfy the requirements for a Surface Warfare Test Ship (SWTS) to be employed by the Port Hueneme Division of the Naval Surface Warfare Center is ...