A Method for the Allocation of Exploratory Development Resources in Logistics.
Abstract
This report describes the development of a resource allocation method for logistics exploratory development. The method applies to the problem of selecting a preferred exploratory development program from among a number of alternative programs whose benefits are measured by a number of separate and disparate measures of effectiveness. The method assumes that each program can be funded for the same budget. The method is based on a series of subjective tradeoff assessments made by the decision maker. These tradeoff assessments involve only two of the measures of effectiveness at a time. The procedures then determine the implied preference of the decision maker between any pair of alternative programs through the consideration of a set of intermediate hypothetical programs described only in terms of their expected benefits. Several measures of effectiveness of the supply system were developed and modeled, and program alternatives were formulated to provide the basis for a numerical example. The values of the measures of effectiveness achievable by each program were estimated, and the procedures of the method were applied for illustrative purposes. (Author)
Document Details
- Document Type
- Technical Report
- Publication Date
- Dec 01, 1978
- Accession Number
- ADA069066
Entities
People
- Henry A. Olender
Organizations
- SRI International