Optimizing technology investments: a broad mission model approach
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Engineering topics
Publications and source records attributed to Shishko, R..
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A long-standing problem in NASA is how to allocate scarce technology development resources across advanced technologies in order to best support a large set of future potential missions. Within NASA, two orthogonal paradigms have received attention in recent years: the real-options approach and the broad mission model approach. This paper focuses on the latter.
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This paper describes Space Station Freedom's early attempt at life-cycle cost management and the lessons learned for the next major human missions beyond Earth orbit.
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This paper describes how we calculate ISS resource shadow prices from the first-order cost minimization conditions using MESSOC and engineering cross-consumption models.
JPL's Project Design Cenger (PDC), opened in 1994, has become a model for other facilities of the same type in the aerospace industry. More recently, PDC-type environments have been adopted by some university aerospace departments as an educational tool. This paper discusses some of these facilities and their possible future direction.
In this paper, we examine the use of real options valuation in the context of prioritizing advanced technologies for NASA funding. Further, we offer a set of computational procedures that quantifies the option value of each technology.
This paper summarizes the activites and results of the effort to conduct a low-cost, yet meaningful risk management program for the MFEX, which was originally designated as a high risk payload.