Value-Focused Thinking Dr. Greg Parnell Virginia Commonwealth University 1 Overview • Structure of Decisions • Value-Focused Thinking – Definition – Benefits – Obstacles – Requirements • Summary 2 Structure of Decisions Values What do we want? Information What do we know? Alternatives What can we do? Key Idea: Use our strategic values to create decision opportunities 3 Alternative Focused Thinking Initial Alternatives Evaluate 4 Change Thinking Alternative-Focused Thinking Value-Focused Thinking Values Initial Alternatives Evaluate If you want better decisions, find better alternatives! New & Initial Alternatives Evaluate (Values) 5 Benefits of Value Focused Thinking uncovering hidden objectives evaluating alternatives creating alternatives identifying decision opportunities Thinking About Values improving communication facilitating involvement guiding strategic thinking interconnecting decisions guiding information collection Keeney, Ralph L., Value Focused Thinking: A Path To Creative Decisionmaking, Harvard University Press, Cambridge, MA, 1992, pp. 3-28. 6 VFT: Guiding Strategic Thinking Strategic Objective Objective 1 Objective 2 Objective 3 • Strategic objectives should guide our decision-making • Strategic objectives are stable over time • Means to obtain these objectives vary over time 7 SPACECAST 2020 Value Model Missions from JCS PUB 3-14 CONTROL & EXPLOIT SPACE FORCE ENHANCEMENT FORCE APPLICATION SPACE CONTROL SPACE SUPPORT 8 Greg Parnell's Professional Values Be an internationally recognized decision analyst & Professor of Mathematical Sciences (Operations Research) Be an excellent teacher & mentor Publish important research & be in demand as consultant Perform significant professional service 9 VFT: Facilitates Involvement in Multiple-Stakeholder Decisions Strategic Objective Objective 1 Objective 2 Objective 3 Focuses stakeholder interaction on values • Discussions more productive • Key issues become explicit • Postpones discussion of alternatives 10 VFT: Uncovering Hidden Objectives Strategic Objective Objective 1 Objective 2 Objective 3 Objective 4 • Some objectives require considerable thought to uncover • Some stakeholders have incentives not to identify objectives 11 VFT: Improving Communications Strategic Objective Objective 1 Objective 2 Objective 3 • Facilitates communications and understanding between all stakeholders • Avoids technical language of many specialties 12 VFT: Decision Opportunities Strategic Objective Objective 1 Objective 2 Objective 3 • Assess how we will attain future strategic objectives • Objectives not being attained • Objectives that are or will be degrading • Focus our creativity to identify opportunities to create value 13 Greg Parnell's Professional Values Be a internationally recognized decision analyst & Professor of Mathematical Sciences (Operations Research) Be an excellent teacher & mentor Publish important research & be in demand as consultant Develop world class decision & risk analysis courses Work on challenging problems Perform significant professional service Maintain & build friendships University Community Nationally/Internationally Develop outstanding operations research courses Build strong research program Perform university Service Math Sciences Dept H & S School VCU Teach undergraduate courses that attract operations research students Develop research agenda & thesis research topics Support INFORMS/MORS Professional Objectives Local/National Provide sound academic & professional advice Attract excellent MS thesis students Be a member of PhD committees Obtain funding for summer & students Get research & consulting work published Enhance Math Sciences (OR) undergraduate & graduate programs Increase program awareness - Locally Nationally/Internationally Build network to help graduates get jobs 14 VFT: Evaluating Alternatives Strategic Objective 20% Objective 1 30% 30% Objective 2 50% Objective 3 40% Subobjective A Subobjective B Measure of Merit A Measure of Merit B 30% Subobjective C Measure of Merit C Develop value model to evaluate alternatives • Identify subobjectives required to achieve objectives • Identify measures of merit that quantify the value of achieving subobjectives • Assign weight to the subobjectives and objectives 15 SPACECAST 2020 Value Model Weighted Score = Improvement Score X Force Quality Weight X Task Weight X Mission Weight CONTROL & EXPLOIT SPACE OBJECTIVE FORCE 0.19 APPLICATION MISSION TASK 0.25 0.20 SPACE 0.22 CONTROL 0.22 SPACE 0.22 SUPPORT MAPPING, CHARTING, & GEODESY WEATHER MONITORING & CONTROL COMMUNICATIONS INTELLIGENCE & SURVEILLANCE NAVIGATION & POSITIONING FORCE 0.37 ENHANCEMENT 0.07 0.08 FORCE QUALITY CRISIS AVAILABILITY 0.35 MEASURE OF MERIT CAPACITY 0.35 INTEROPERABILITY 0.20 WARNING, PROCESSING, & DISSEMINATION 0.18 SECURITY 0.10 INITIAL LINKS IN THEATER DECOMPRESSED MB/SEC/LINK COMMON-USE SYSTEMS LEVEL OF SECURE LINKS CURRENT CAPABILITY 10 300 FEW CORPS (0.0) IMPROVEMENT: MINOR 25 600 ALL AF DIVISION (0.1) SIGNIFICANT 100 1000 ALL US BATTALION (0.5) ORDER OF MAGNITUDE 1000 3000 US + INTNTL PLATOON (0.9) 16 VFT: Guiding Information Collection Strategic Objective 20% Objective 1 30% Subobjective A Measure of Merit A 30% Objective 2 50% Objective 3 40% Subobjective B Measure of Merit B 30% Subobjective C Measure of Merit C • Value model indicates the important information • Collect information to • Create better alternatives • Credibly evaluate alternatives 17 VFT: Creating Alternatives Strategic Objective 20% 30% Objective 1 Objective 2 Alternative A Alternative B 50% Objective 3 Alternative B Alternative C • Advocates will propose several alternatives • Focus creativity to generate alternatives that create value 18 VFT: Interconnecting Decisions Strategic Objective 20% 30% Objective 1 Objective 2 30% 50% Objective 3 40% 30% Task A Task B Task C Measure of Merit A Measure of Merit B Measure of Merit C • Value model assessments of alternatives • Objective • Traceable • Robust 19 SPACECAST 2020 Operational Analysis Summary (Sensitivity to Weights) 5 TAV High Energy Laser (HEL) VALUE 4 Global Surveillance, Recon, & Targeting System (GSRT) 3 Orbital Transfer Vehicle (OTV) 2 Space Modular Systems 1 Space Solar Asteroid Monitoring Detection Space Traffic Control (SPATRACS) Super GPS High Power Microwave Kinetic Energy Weapons (KEW) Weather Forecasting System Particle Beam Orbital Maneuvering Vehicle Ionospheric Forecasting Weather Control Solar Mirror TECHNOLOGICAL CHALLENGE 20 Obstacles to Value-Focused Thinking • • • • Alternative Focused Thinking “Drunk looking for car keys under the lamp post” Worrying too much about the “weights” Lack of an environment that encourages creativity 21 Requirements for Value-Focused Thinking • Study leadership support • Support from study team • Experienced analysis team 22 Summary Value Model Has a Central Role VFT offers significant benefits Strategic Objective Objective 1 Subobjective A Objective 2 Subobjective B uncovering hidden objectives Objective 3 evaluating alternatives Subobjective C creating alternatives identifying decision opportunities Thinking About Values improving communication Measure of Merit A Measure of Merit B guiding strategic thinking interconnecting decisions Measure of Merit C facilitating involvement guiding information collection Value-Focused Thinking helps us use our strategic objectives to create value 23