| Abstract: |
| In this talk, we present a novel modeling and simulation approach for the acquisition of complex systems. In particular, we will present an innovative system engineering framework to model the department of defense acquisition process and offer a number of optimization modules including simulation models using game theory and war-gaming concepts. As a result, we suggest a set of acquisition strategies that can (i) optimally select the most affordable and least risky program and technical baseline solution, (ii) identify the most favorable contract type to acquire the selected program and technically baseline solution, and (iii) optimize the contract parameters and incentives for the selected contract type. Simulation results will be presented for the cost-plus incentive fee contract type. |
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