Flexibility in early stage design of US Navy ships : an analysis of options

Thesis (Nav. E.)--Massachusetts Institute of Technology, Dept. of Mechanical Engineering; and, (S.M. in Engineering and Management)--Massachusetts Institute of Technology, Engineering Systems Division, System Design and Management Program, 2011.

Bibliographic Details
Main Author: Page, Jonathan(Scientist in mechanical engineering)(Jonathan Edward)
Other Authors: Richard de Neufville and Mark Welsh.
Format: Thesis
Language:eng
Published: Massachusetts Institute of Technology 2012
Subjects:
Online Access:http://hdl.handle.net/1721.1/68572
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author Page, Jonathan(Scientist in mechanical engineering)(Jonathan Edward)
author2 Richard de Neufville and Mark Welsh.
author_facet Richard de Neufville and Mark Welsh.
Page, Jonathan(Scientist in mechanical engineering)(Jonathan Edward)
author_sort Page, Jonathan(Scientist in mechanical engineering)(Jonathan Edward)
collection MIT
description Thesis (Nav. E.)--Massachusetts Institute of Technology, Dept. of Mechanical Engineering; and, (S.M. in Engineering and Management)--Massachusetts Institute of Technology, Engineering Systems Division, System Design and Management Program, 2011.
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spelling mit-1721.1/685722023-01-17T13:53:09Z Flexibility in early stage design of US Navy ships : an analysis of options Page, Jonathan(Scientist in mechanical engineering)(Jonathan Edward) Richard de Neufville and Mark Welsh. Massachusetts Institute of Technology. Engineering Systems Division. System Design and Management Program. Massachusetts Institute of Technology. Department of Mechanical Engineering Massachusetts Institute of Technology. Engineering Systems Division Mechanical Engineering. Engineering Systems Division. Thesis (Nav. E.)--Massachusetts Institute of Technology, Dept. of Mechanical Engineering; and, (S.M. in Engineering and Management)--Massachusetts Institute of Technology, Engineering Systems Division, System Design and Management Program, 2011. Cataloged from PDF version of thesis. Includes bibliographical references (p. 75-77). This thesis explores design options for naval vessels and provides a framework for analyzing their benefit to the Navy. Future demands on Navy warships, such as new or changing missions and capabilities, are unknowns at the time of the ship's design. Therefore, ships often require costly engineering changes throughout their service life. These are expensive both fiscally - because the Navy pays for engineering and installation work - and operationally - because either a warship cannot carry out a desired mission need or is carrying out a mission for which it was not initially designed. One method of addressing uncertainty in capital assets is by imbedding flexibilities in their architecture. The thesis offers early stage design suggestions on flexibilities for naval platforms to incorporate pre-planned repeats of the platform with new or different missions. A conceptual platform created - the SCAMP - includes each of these suggestions in its architecture. Then, the thesis uses an analysis framework similar to real options to evaluate the value of including these expansion options in early stage design versus traditional design methods and their products. The analysis uses a version of the MIT Cost Model for early stage ship design to determine acquisition and life cycle costs. The model was modified to support this analysis by allowing a simulation of possible mission changes with their severity distributed stochastically over a realistic time horizon. Subsequently, the model calculates these effects on life cycle cost. The most important result is the value of the framework for evaluating these managerial options. This framework can be extended to the subsystem level or to the system-of-systems level. In this application, the model predicts that, on average, a flexible platform should not only cost less to build, but also reduce modernization costs by 9% per ship over its life cycle. Therefore, counterintuitively, building a less-capable ship with the flexibility to expand capabilities or switch missions actually provides greater expected utility during its service life. by Jonathan Page. S.M.in Engineering and Management Nav.E. 2012-01-13T18:44:37Z 2012-01-13T18:44:37Z 2011 2011 Thesis http://hdl.handle.net/1721.1/68572 767587660 eng M.I.T. theses are protected by copyright. They may be viewed from this source for any purpose, but reproduction or distribution in any format is prohibited without written permission. See provided URL for inquiries about permission. http://dspace.mit.edu/handle/1721.1/7582 88 p. application/pdf Massachusetts Institute of Technology
spellingShingle Mechanical Engineering.
Engineering Systems Division.
Page, Jonathan(Scientist in mechanical engineering)(Jonathan Edward)
Flexibility in early stage design of US Navy ships : an analysis of options
title Flexibility in early stage design of US Navy ships : an analysis of options
title_full Flexibility in early stage design of US Navy ships : an analysis of options
title_fullStr Flexibility in early stage design of US Navy ships : an analysis of options
title_full_unstemmed Flexibility in early stage design of US Navy ships : an analysis of options
title_short Flexibility in early stage design of US Navy ships : an analysis of options
title_sort flexibility in early stage design of us navy ships an analysis of options
topic Mechanical Engineering.
Engineering Systems Division.
url http://hdl.handle.net/1721.1/68572
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