Article ID: | iaor2002690 |
Country: | United States |
Volume: | 3 |
Issue: | 2 |
Start Page Number: | 25 |
End Page Number: | 36 |
Publication Date: | Jan 1998 |
Journal: | Military Operations Research |
Authors: | Garvey P.R., Cho C.C., Giallombardo R.J. |
Keywords: | military & defence |
This work presents a family of preference models for prioritizing program risk. These models originate from multiattribute utility theory and rank-order project-defined risk events as a function of multiple criteria. Such criteria include, but are not limited to, a program's cost, schedule, and technical performance. In addition, the methodology is tuned for quantifying the effects of coupled (dependent) risks. As a decision-aid, these models target where engineering assets are best applied to mitigate potentially crippling areas of risk to a program.