The Royal Navy’s Type 45 Story: A Case Study
Lawrence D. Phillips ()
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Lawrence D. Phillips: Management Science Group
Chapter Chapter 3 in Portfolio Decision Analysis, 2011, pp 53-75 from Springer
Abstract:
Abstract This chapter presents systems engineering as portfolio analysis carried out with multiple stakeholders who hold different perspectives about the system elements, and where conflicting objectives must be accommodated in deciding what is affordable. A case study of the United Kingdom’s Royal Navy Type 45 destroyer shows how a portfolio approach traded-off time, cost and performance to arrive at a plausible way forward. The combination of technical system modelling with group processes that engaged all stakeholders enabled a solution to be agreed within only 15 months. This set a record for major equipment procurement in the Ministry of Defence, and saved the contractor 2 years of design work.
Keywords: Equity Model; Unit Production Cost; Naval Architect; Benefit Criterion; Electrical Propulsion System (search for similar items in EconPapers)
Date: 2011
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Persistent link: https://EconPapers.repec.org/RePEc:spr:isochp:978-1-4419-9943-6_3
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DOI: 10.1007/978-1-4419-9943-6_3
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