Budget‐constrained portfolio trades using multiobjective optimization

Patrick Smith, Matthew Ferringer, Ryan Kelly and Inki Min

Systems Engineering, 2012, vol. 15, issue 4, 461-470

Abstract: A decision support process using many‐objective optimization, high‐performance computing, and advanced visualization is applied to gain comprehensive insight into multistakeholder portfolio budgeting trades. The key tradeoffs among nondominated portfolio budget solutions are systematically identified and examined with respect to different stakeholder viewpoints. The approach is illustrated using a portfolio of 14 U.S. Air Force satellite development programs using budget data taken from the 2010 Future Year Development Plan [http://www.saffm.hq.af.mil/budget/, last accessed April 20, 2011]. Practical lessons learned in applying the approach are discussed. ©2012 Wiley Periodicals, Inc. Syst Eng 15

Date: 2012
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Persistent link: https://EconPapers.repec.org/RePEc:wly:syseng:v:15:y:2012:i:4:p:461-470

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