Bi-criteria risk analysis of domain-specific and cross-domain changes in complex systems

Doerr, Kenneth H.; Kang, Keebom

doi:10.1016/j.cie.2014.04.009

Cited by 3 publications

(1 citation statement)

References 33 publications

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“…The focus of the exercise is on how to achieve consensus and make informed decisions about capacity in a not‐for‐profit environment. The concepts dealt with by the exercise, life cycle cost (LCC), cost risk, mission capacity (MC), and mission risk have considerable strategic importance, but they cannot be discussed in a meaningful way without reference to data, and to the models which generate that data (Doerr & Kang, ). That is, the analysis is a necessary but not sufficient component of the learning objectives.…”

Section: Introductionmentioning

confidence: 99%

A Classroom Exercise to Examine the Trade‐off between Mission Capacity and Life Cycle Cost

Kang

Doerr

2015

Decision Sci J Innov Edu

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This article presents a classroom exercise, centered on a simulation that has been used for 4 years in an MBA program to help students develop an understanding of the trade‐offs involved in managing capital assets in the public sector. Though often ignored in business schools, mission is a key criterion that must be considered when managing such assets, and acts as a surrogate for profit. The case presents a rich environment in which the impact of cost reductions (or additional investments) on mission can be quantified, and trade‐offs can be assessed and discussed. It gives students a chance to develop creative ideas for process improvement, and provides sufficient data for them to analyze the impact of their suggestions in a rigorous way.

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Section: Introductionmentioning

confidence: 99%