Please use this identifier to cite or link to this item:
https://dair.nps.edu/handle/123456789/568
Full metadata record
DC Field | Value | Language |
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dc.contributor.author | Albert Olagbemiro | - |
dc.contributor.author | Man-Tak Shing | - |
dc.contributor.author | Johnathan Mun | - |
dc.date.accessioned | 2020-03-16T17:29:46Z | - |
dc.date.available | 2020-03-16T17:29:46Z | - |
dc.date.issued | 2009-04-01 | - |
dc.identifier.citation | Published--Unlimited Distribution | - |
dc.identifier.uri | https://dair.nps.edu/handle/123456789/568 | - |
dc.description | Acquisition Management / NPS Faculty Research | - |
dc.description.abstract | In the Department of Defense (DoD), the typical outcome of a software acquisition program has been massive cost escalation, slipping planned delivery dates and making major cuts in the planned software functionality to guarantee program success. To counter this dilemma, the DoD put forth a new weapons acquisition policy in 2003 based on an evolutionary acquisition approach to foster increased efficiency while building flexibility in the acquisition process. However, the evolutionary acquisition approach often relies on the spiral development process, which assumes end-state requirements are known at the inception of the development process, a misrepresentation of reality in the acquisition of DoD software-intensive weapons systems. This article presents a framework to address requirements uncertainty as it relates to software acquisition. The framework is based on Real Options theory and aims at mitigating risks associated with requirement volatility based on the technology objectives constraints as put forth by the customer at the acquisition decision-making level. | - |
dc.description.sponsorship | Acquisition Research Program | - |
dc.language | English (United States) | - |
dc.publisher | Acquisition Research Program | - |
dc.relation.ispartofseries | Real Options Theory | - |
dc.relation.ispartofseries | NPS-AM-09-042 | - |
dc.subject | Real Options Theory | - |
dc.subject | Software-Intensive Systems | - |
dc.subject | Requirements Uncertainty | - |
dc.title | Application of Real Options Theory to Software-intensive System Acquisitions | - |
dc.type | Article | - |
Appears in Collections: | Annual Acquisition Research Symposium Proceedings & Presentations |
Files in This Item:
File | Size | Format | |
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NPS-AM-09-042.pdf | 271.75 kB | Adobe PDF | View/Open |
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