Trade-off Analytics

<p><b>Presents information to create a trade-off analysis framework for use in government and commercial acquisition environments</b></p> <p>This book presents a decision management process based on decision theory and cost analysis best practices aligned with the ISO/IEC 15288, the Systems Engineering Handbook, and the Systems Engineering Body of Knowledge. It provides a sound trade-off analysis framework to generate the tradespace and evaluate value and risk to support system decision-making throughout the life cycle. Trade-off analysis and risk analysis techniques are examined. The authors present an integrated value trade-off and risk analysis framework based on decision theory. These trade-off analysis concepts are illustrated in the different life cycle stages using multiple examples from defense and commercial domains.</p> <ul> <li>Provides techniques to identify and structure stakeholder objectives and creative, doable alternatives</li> <li>Presents the advantages and disadvantages of tradespace creation and exploration techniques for trade-off analysis of concepts, architectures, design, operations, and retirement</li> <li>Covers the sources of uncertainty in the system life cycle and examines how to identify, assess, and model uncertainty using probability</li> <li>Illustrates how to perform a trade-off analysis using the INCOSE Decision Management Process using both deterministic and probabilistic techniques </li> </ul> <p><i>Trade-off Analytics:  Creating and Exploring the System Tradespace</i> is written for upper undergraduate students and graduate students studying systems design, systems engineering, industrial engineering and engineering management. This book also serves as a resource for practicing systems designers, systems engineers, project managers, and engineering managers.</p> <p><b><br />Gregory S. Parnell, PhD,</b> is a Research Professor in the Department of Industrial Engineering at the University of Arkansas. He is also a senior principal with Innovative Decisions, Inc., a decision and risk analysis firm and has served as Chairman of the Board. Dr. Parnell has published more than 100 papers and book chapters and was lead editor of <i>Decision Making for Systems Engineering and Management, Wiley Series in Systems Engineering</i> (2nd Ed, Wiley 2011) and lead author of the <i>Handbook of Decision Analysis</i> (Wiley 2013).  He is a fellow of INFORMS, the INCOSE, MORS, and the Society for Decision Professionals.</p>