This proposed research has the explicit goal of proposing a reusable, extensible, adaptable, and comprehensive advanced analytical modeling process to help the U.S. Navy in quantifying, modeling, valuing, and optimizing a set of ship design options to create a business case for making strategic decisions under uncertainty. Specifically, we look at a portfolio of options onboard multiple ships across different classes, both at the Program Executive Office Ships (PEO-SHIPS) and extensible to the Navy Fleet. This portfolio of options approach will provide tools to allow decision-makers to decide on the optimal flexible options to implement and allocate in different types of ships subject to budget constraints across multiple types of ships. The office of Chief of Naval Operations (CNO) is also interested in applying portfolio optimization to choose among various programs across the various departments and divisions in the Navy, and applications within the CNO community will be addressed further in a follow-on research article.Naval Postgraduate School Acquisition Research Progra
