A Decision Tool to Evaluate Budgeting Methodologies for Estimating Facility Recapitalization Requirements
Date of Award
Master of Science in Engineering Management
Department of Systems Engineering and Management
Alfred E. Thal, Jr., PhD
The purpose of this research was to develop a decision tool to assist in the evaluation of facility recapitalization budget estimation models to determine which model was best suited for a particular organization. Specifically, this thesis sought to answer an overarching research question addressing the importance of recapitalization and the best method to estimate the facility recapitalization budget using the Department of Defense (DoD) as the subject of the research. A comprehensive literature review revealed ten existing recapitalization model alternatives to consider for implementation. The methodology used to develop a decision tool was based on the Value Focused Thinking (VFT) approach. A panel of recapitalization program managers developed a value hierarchy to evaluate all potential recapitalization model alternatives. The results of the deterministic and probabilistic analyses of 15 alternatives found that the proposed DoD model scored well in comparison to other alternatives. With slight modifications to the model according to the value hierarchy, the DoD can improve the performance of their recapitalization models. The H-Model, created specifically for this analysis, dominated all other alternatives and is recommended for implementation.
DTIC Accession Number
Hickman, Krista M., "A Decision Tool to Evaluate Budgeting Methodologies for Estimating Facility Recapitalization Requirements" (2008). Theses and Dissertations. 2831.