scholarly journals Multi-Year Inland Waterway Investment Model and the Value/Consequence Ratio

2021 ◽  
Vol 8 (1) ◽  
pp. 2-8
Author(s):  
Matthew Robinson ◽  
Francisco Lefors ◽  
Justin Capp ◽  
Grover Laporte ◽  
James Schreiner
Keyword(s):  
Investment Model ◽  
Investment Strategies ◽  
National Defense ◽  
Work Package ◽  
A Value ◽  
Annual Budget ◽  
Operations And Maintenance ◽  
Business Line ◽  
Value Model ◽  
Future Work

USACE’s IWR must responsibly manage its work packages through its Operations and Maintenance (O&M) annual budget. IWR has developed several models that use data to inform investment strategies for the prioritization of work packages; however, these strategies are based on old data and not predictive in nature. Because work package ranks significantly change when applying a Value Model and Monte Carlo simulation, this research focuses on the significance of a 3-year predictive budgeting model; a model which is enabled by the National Defense Authorization Act (NDAA, 2020). This research will demonstrate a forward-looking methodology using a Value to Consequence Ratio metric (VCR) for funding work packages through a decision support interface via Microsoft’s Power BI. This paper presents the framework for USACE’s Civil Works Navigation business line and creates the potential for future work to integrate other business lines utilizing System Dynamics.

scholarly journals Framing the Values of Vernacular Architecture for a Value-Based Conservation: A Conceptual Framework

2021 ◽  
Vol 13 (9) ◽  
pp. 4974
Author(s):  
Obafemi A. P. Olukoya
Keyword(s):  
Vernacular Architecture ◽  
Conservation Strategy ◽  
Participatory Process ◽  
Value Assessment ◽  
A Value ◽  
Wide Range ◽  
Flexible Framework ◽  
Value Model ◽  
Contextual Values ◽  
Range Of Values

While a growing number of researchers have provided series of tough critiques of the typology-led heritage value assessment over the recent years, the impacts have been constrained by the continued obsession with expanding the list of the predetermined value typologies rather than escaping its limitations. While these sustained debates have provided important insights, this article argues that operationalizing these predetermined ‘one-size-fits-all’ value typologies is symptomatic of a number of shortcomings, especially in the context of capturing the pluralities of values in contextualized heritage such as vernacular architecture. It also often undermines inclusivity and participation in the valuing processes. However, rather than simply rejecting the values-based paradigm, this article proposes a conceptual value assessment framework that is informed by the theorization of vernacular architecture as a contextualized heritage. The proposed Vernacular Value Model (VVM) puts forward the ‘when(s)’ and ‘how(s)’ of amalgamating both technical and normative processes to capture the range of contextual values present in built vernacular heritage. To this end, this article posits that by drawing on such a proposed flexible framework, the conservation strategy for built vernacular heritage can be propagated as an inclusive and participatory process which captures the wide range of values for a more sustainable practices for conservation.

scholarly journals Can Individual Investors Capture The Value Premium?

2011 ◽  
Vol 7 (5) ◽  
Author(s):  
Patrick J. Larkin
Keyword(s):  
Individual Investors ◽  
Investment Strategies ◽  
Enterprise Value ◽  
Market Portfolio ◽  
A Value ◽  
Time Period ◽  
Return On Capital ◽  
Reduce Risk ◽  
One Year ◽  
Value Strategy

I test the performance of several simple one and two-factor mechanical GARP and value investment strategies against a value-weighted market portfolio for the period 1998-2006, focusing on the suitability of the strategies for individual investors. All of the GARP and value strategies produce substantially higher average returns than the market portfolio over the 97 rolling one-year holding periods included in the study. The strategies have a higher standard deviation of returns across the 97 start months, but are less likely than the market portfolio to experience negative returns over any three or five-year time period. Overall, the best performing strategies are EBIT to enterprise value and return on capital, EBIT to enterprise value alone, and earnings yield (the inverse of the P/E ratio). Adding a profitability factor to form a GARP strategy from a simple one-factor value strategy does not appear boost performance, though it does reduce risk in the EBIT to enterprise value and return on capital strategy. My results indicate that individual investors who are able to tolerate occasional underperformance should consider using a GARP or value strategy in at least a portion of the portion of their portfolio that is allocated to U.S. equities.    

Decision Support for Optimal Use of Joint Training Funds in the Canadian Armed Forces

2021 ◽  
pp. 49-70
Author(s):  
Matthew R. MacLeod ◽  
Mark Rempel ◽  
Michael L. Roi
Keyword(s):  
Decision Support ◽  
Optimization Model ◽  
Research Question ◽  
Armed Forces ◽  
Decision Makers ◽  
Canadian Armed Forces ◽  
A Value ◽  
Joint Training ◽  
Training Resources ◽  
Value Model

Joint exercises are vital to the Canadian Armed Forces (CAF) meeting its readiness targets. However, CAF resources are often insufficient to participate in all candidate joint exercises. Many organizations face resource challenges. In the context of preparing the CAF for its mandated missions and operational tasks, this chapter addresses the following research question: How can the CAF get the most value out of its joint training resources? Using strategic analysis and operations research, the authors designed a value model to gauge a joint exercise's value and an optimization model to support decision makers when selecting a joint exercise portfolio. This chapter describes these models, presents an example of their application, and discusses future improvements.

A Value Model for Evaluating Homeland Security Decisions

2017 ◽  
pp. 344-375
Author(s):  
Ralph L. Keeney ◽  
Detlof von Winterfeldt
Keyword(s):  
Homeland Security ◽  
A Value ◽  
Value Model

Capturing knowledge from lessons learned at the work package level in project engineering teams

2017 ◽  
Vol 21 (4) ◽  
pp. 765-778 ◽  
Author(s):  
Andrew Stewart Herbst
Keyword(s):  
Engineering Management ◽  
Lessons Learned ◽  
Work Package ◽  
Calendar Time ◽  
Content Type ◽  
Team Members ◽  
Engineering Teams ◽  
Operations And Maintenance ◽  
Standard Practices ◽  
Project Engineering

Purpose The purpose of this paper is to describe the knowledge management (KM) loop process in a work package (WP)-based project engineering management method. The purpose of the KM loop is the routine capture of learnings to improve work practices in both the project and the firm. Design/methodology/approach A conceptual model for a project KM loop is developed by researching various KM theories found in the literature and incorporating the most applicable concepts and bridging any gaps in an attempt to overcome the reported impediments to learning in projects. A specific WP-based project engineering method (the STBQ method) is chosen as the framework for illustrating the workings and advantages of the KM loop. The author’s experiential judgement is used in applying selected academic concepts to create a KM process particularly useful for consulting engineering firms engaged in the detailed design phase of heavy industrial projects notwithstanding the fact that it may be beneficial in other project environments. Findings Completion of a WP can be used as a natural point in time for the collection of lessons learned (LL). At post-WP debriefing meetings, intuitive learnings can be contributed by individuals and interpreted in the context of the recently completed WP. When seen to be applicable, the project engineer integrates this newly gained experiential knowledge into the project’s job instructions for immediate implementation on other WPs remaining in the project scope. Through the project manager, these new or revised job instructions are proposed as candidates for new or revised standard practices to the senior managers of the engineering firm who can institutionalize them by approval for use in other in-progress or future projects. Research limitations/implications The KM loop described here is specifically intended to be used with the STBQ method where the 100 per cent rule is applied and where each WP sub-team is tasked with the delivery of their WP safely, on-time, on-budget and with no quality deficiencies as the criteria for success of their WP. A research limitation is that capturing learnings throughout the project does not solve the problem of capturing post-project learnings from design errors surfacing during construction, in commissioning, or after start-up during on-going operations and maintenance. Nonetheless, innovative ideas and improvements can be found during the detailed engineering phase and the KM loop captures these for intra-project and inter-project use. Practical implications The extra effort of decomposing requirements into WPs not only helps control project costs, schedule, quality and safety but also provides an effective way to capture knowledge from project learnings for intra-project and inter-project use. Social implications The lessons-learned sessions held at the completion of each WP provides an opportunity to provide motivation and morale boosting to the WP sub-team members. Originality/value This paper contributes what is believed to be the first WP-based KM loop in project engineering management using a specific application of the 4I framework of organizational learning. In addition, when applied in the STBQ method or any other method that uses interim WPs for both planning and reporting, the LL sessions can be pre-scheduled and budgeted separately from the subject WP. This helps to overcome the problem widely reported in projects that not enough calendar time or person-hours can be spared to attend the LL sessions.

scholarly journals A generally applicable lightweight method for calculating a value structure for tools and services in bioinformatics infrastructure projects

2017 ◽  
Vol 20 (4) ◽  
pp. 1215-1221
Author(s):  
Gerhard Mayer ◽  
Christian Quast ◽  
Janine Felden ◽  
Matthias Lange ◽  
Manuel Prinz ◽  
...  
Keyword(s):  
Service Provision ◽  
Indirect Costs ◽  
Infrastructure Projects ◽  
Specific Service ◽  
Web Based ◽  
Personnel Costs ◽  
Consulting Services ◽  
A Value ◽  
Value Estimation ◽  
Value Model

Abstract Sustainable noncommercial bioinformatics infrastructures are a prerequisite to use and take advantage of the potential of big data analysis for research and economy. Consequently, funders, universities and institutes as well as users ask for a transparent value model for the tools and services offered. In this article, a generally applicable lightweight method is described by which bioinformatics infrastructure projects can estimate the value of tools and services offered without determining exactly the total costs of ownership. Five representative scenarios for value estimation from a rough estimation to a detailed breakdown of costs are presented. To account for the diversity in bioinformatics applications and services, the notion of service-specific ‘service provision units’ is introduced together with the factors influencing them and the main underlying assumptions for these ‘value influencing factors’. Special attention is given on how to handle personnel costs and indirect costs such as electricity. Four examples are presented for the calculation of the value of tools and services provided by the German Network for Bioinformatics Infrastructure (de.NBI): one for tool usage, one for (Web-based) database analyses, one for consulting services and one for bioinformatics training events. Finally, from the discussed values, the costs of direct funding and the costs of payment of services by funded projects are calculated and compared.

scholarly journals TECNOLOGÍAS DE INFORMACIÓN Y COMUNICACIONES EN LA GESTIÓN DE ABASTECIMIENTO DELEJÉRCITO DEL PERÚ Y SU INCIDENCIA EN LA DEFENSA INFORMATION AND COMMUNICATION TECHNOLOGIES IN THE MANAGEMENT OF SUPPLY OF THE ARMY OF PERU AND ITS IMPACT ON NATIONAL DEFENSE.

LOGOS ◽  
2014 ◽  
Vol 4 (1) ◽  
Author(s):  
Dr. Miguel Arturo Vásquez Dávalos
Keyword(s):  
Information And Communication Technologies ◽  
Communication Technologies ◽  
National Defense ◽  
Information And Communications Technologies ◽  
Communications Technologies ◽  
Key Word ◽  
Information And Communication ◽  
Professional Fields ◽  
Future Work ◽  
Sistemas De Informacion

RESUMENLas Tecnologías de Información y Comunicaciones se han desarrollado aceleradamente, dando paso al establecimiento de Sistemas de Información Gerencial, permitiendo una eficiente labor administrativa. El Ejército del Perú, como una de las principales Instituciones responsables de la Defensa Nacional y en cumplimiento de sus funciones, ha realizado grandes esfuerzos por una eficiente labor en la defensa externa e interna de nuestra Nación. Sin embargo, uno de los aspectos que no ha tenido en cuenta, es la modernización del abastecimiento, empleando las Tecnologías de Información y Comunicaciones, para un Sistema de Información Gerencial en el Ejército que le permita una eficiente labor en el marco del cumplimiento de su rol Constitucional. Con este estudio se pretendió generar aportes, que contribuyan a la solución de la problemática que se presenta en esta Institución. Para ello, se utilizó la metodología científica en el desarrollo de sus partes metodológicas, empleando el instrumento del cuestionario, el mismo que se aplicó a los integrantes del Comando Logístico del Ejército. El diseño de la investigación corresponde a un nivel descriptivo- correlacional y la metodología adoptada fue básicamente inductiva- deductiva.La investigación está concluida en todos los aspectos que responden a sus objetivos trazados, con el fin de que sirva como aporte tanto académico como profesional, tomándose como modelo para futuros trabajos. Por lo expuesto anteriormente, se vislumbró como propósito el establecimiento de un sistema de abastecimiento, empleando las Tecnologías de la Información y Comunicaciones en el Ejército del Perú y su incidencia en la Defensa Nacional. PALABRA CLAVE: Tecnologías de informacion y comunicaciones en la Defensa Nacional. ABSTRACTThe Information and Communications technologies have developed rapidly, allowing the establishment of Managerial Information Systems that enable efficient administrative work. The Army of Peru, as one of the main institutions upon which the National Defense rest, in fulfilling its functionshas made great efforts working efficiently on the internal and external defense of our nation. However,one aspect that has not been taken into consideration is the modernization of supply using the Information and Communications technologies for a Managerial Information System in the Army that allows for efficient work in the fulfillment of its constitutional role. The objective of this study was to generate inputs that contribute to the solution of the problematic presented in this institution.For this,the scientific methodology was used in the development of methodological parts using the instrument of the questionnaire,the same that was applied to members of the Army Logistics Command. The design of the investigation corresponds to a descriptive- correlational level, and the methodology used was basically inductive- deductive.The investigation is completed in all respects that meet their stated goals with the objective of being useful as a contribution to both academic and professional fields and being taken as a model for future work. According to what was stated above,the establishment of a supply system using technologies of information and communications in the Army of Peru with a significant impact in the national defense. KEY WORD: Technologies of information and communications in the National Defense.

Decision Support for Optimal Use of Joint Training Funds in the Canadian Armed Forces

2019 ◽  
pp. 255-276
Author(s):  
Matthew R. MacLeod ◽  
Mark Rempel ◽  
Michael L. Roi
Keyword(s):  
Decision Support ◽  
Optimization Model ◽  
Research Question ◽  
Armed Forces ◽  
Decision Makers ◽  
Canadian Armed Forces ◽  
A Value ◽  
Joint Training ◽  
Training Resources ◽  
Value Model

Joint exercises are vital to the Canadian Armed Forces (CAF) meeting its readiness targets. However, CAF resources are often insufficient to participate in all candidate joint exercises. Many organizations face resource challenges. In the context of preparing the CAF for its mandated missions and operational tasks, this chapter addresses the following research question: How can the CAF get the most value out of its joint training resources? Using strategic analysis and operations research, the authors designed a value model to gauge a joint exercise's value and an optimization model to support decision makers when selecting a joint exercise portfolio. This chapter describes these models, presents an example of their application, and discusses future improvements.

Using SysML to Elicit a Value Model in Multi-Stakeholder Value-Driven System Design

2014 ◽  
Author(s):  
Douglas Broadwell ◽  
Christiaan J. J. Paredis
Keyword(s):  
System Design ◽  
Systems Engineering ◽  
Essential Elements ◽  
Value Network ◽  
Domain Specific ◽  
Model Based ◽  
A Value ◽  
System Properties ◽  
Multi Stakeholder ◽  
Value Model

In recent years, a formal, mathematically rigorous, value-based approach to system design has been proposed within the systems engineering community. This approach stands in contrast to the traditional requirements based approach to system design because of its foundations in decision theory. One of the crucial first steps in the value-based approach is the elicitation of information about all the elements that influence a design or acquisition decisions, namely, all actors, system properties and behavior, preferences, and concerns. This elicitation step requires a formalized, model-based method for capturing these elements of the value network, the basis of the decision maker’s value function. In this paper, we examine previous work in the area of elicitation in system design and define a set of elements necessary to effectively elicit a meaningful value network. We then consider a domain-specific profile as an extension of SysML to formally capture the essential elements of a value network. To illustrate the modeling approach, the profile is applied to a case study of the design of a heads-up display system (iHUD) in order to test the depth of the profile as well as to show the value of the model-based approach in the elicitation process.

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