May 2025
Intermediate to advanced
400 pages
13h 54m
English
book
Handbook of Decision Analysis, 2nd Edition
by Gregory S. Parnell, Terry A. Bresnick, Eric R. Johnson, Steven N. Tani, Eric Specking
Content preview from Handbook of Decision Analysis, 2nd Edition
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Appendix CResource Allocation with Incremental Benefit/Cost Analysis
“Good” portfolio decisions begin with a conducive culture, effective behaviors, a decision quality framework, and a good process
—Michael Menke
C.1 Multiple Objective Portfolio Analysis with Resource Constraints
In Chapter 12, we describe an approach for achieving portfolio value that focuses on the use of (expected net present value) ENPV and profitability index (PI) as a basis for selecting competing projects in a portfolio. In this section, we introduce and apply to the data center problem an additional approach that some of the authors have used in many highly successful portfolio analyses. The approach focuses on incremental benefit/costanalysis using Pareto optimalitycriteria (Buede & Bresnick, 2007; Phillips, 2007). This is entirely analogous to the PI approach, insofar as it treats cost as a constrained resource and develops a figure of merit by dividing benefit by cost.
C.1.1 Characteristics of Incremental Benefit/Cost Portfolio Analysis
The cost benefit analysis approach to ...
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