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Title: Applications of value modeling to USACE Civil Works and beyond
Authors: Salter, R. Cody.
Rinaudo, Christina H.
Staebell, Kathleen A.
Hargis, Brent H., 1978-
Cotterman, Kayla A.
Smith, Matthew D.
Keywords: Civil engineering
Decision making
Infrastructure (Economics)
Public works--Maintenance and repair
System analysis
Systems engineering
United States. Army. Corps of Engineers--Civil functions
Publisher: Information Technology Laboratory (U.S.)
Coastal and Hydraulics Laboratory (U.S.)
Engineer Research and Development Center (U.S.)
Series/Report no.: Special Report (Engineer Research and Development Center (U.S.)) ; no. ERDC SR-20-1
Abstract: The US Army Corps of Engineers (USACE) Civil Works (CW) portfolio includes $250 billion worth of capital assets. As infrastructure ages and budgets change, new asset management (AM) investment strategies are required to support the maintenance, repair, and replacement (MR&R) of these assets while also providing the greatest value to the USACE and to the Nation. Shrinking budgets and increased scrutiny of government expenditures drive efforts to determine how best to optimize government funds for infrastructure improvement. As a result, USACE-CW AM seeks to create a value model capable of calculating the benefit of MR&R project alternatives regardless of business line. Furthermore, USACE-CW seeks to explore whether such a value model could be used for the generation of defensible budgets that consistently bring high value to the USACE and to the Nation. Thus, this special report reviews past USACE CW efforts to develop a value model for decision analytics. This report also provides an introduction to value modeling while covering applications of value modeling in multiple areas, including AM and portfolio decision analytics.
Description: Special Report
Gov't Doc #: ERDC SR-20-1
Size: 32 pages / 1.5 MB
Types of Materials: PDF
Appears in Collections:Special Report

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