Operations Research, Systems Engineering and Industrial Engineering Commons^™

A Decision Tool To Evaluate Budgeting Methodologies For Estimating Facility Recapitalization Requirements, Krista M. Hickman

Theses and Dissertations

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) …