Data-Driven Decision Making
NextGen represents a series of long-term investments in the national air transportation system, as well as a continuing long-term research commitment. It also requires a significant level of investment on the part of the private sector. To guide this investment the JPDO is developing a comprehensive business case that will provide an investment analysis framework for future decision making and prioritization.
Key to this work has been an extensive modeling and simulation effort aimed at developing critical information on the structure of future NextGen costs and the expected benefit from NextGen improvements. This structure creates a “series of trade spaces” where alternatives and various scenarios can be explored, analyzed, and compared. The objective is to develop a long-term, NextGen decision making model that is linked to the JPE and is heavily data-driven.
Read more about this topic: Joint Planning And Development Office
Famous quotes containing the words decision and/or making:
“Will mankind never learn that policy is not morality,—that it never secures any moral right, but considers merely what is expedient? chooses the available candidate,—who is invariably the devil,—and what right have his constituents to be surprised, because the devil does not behave like an angel of light? What is wanted is men, not of policy, but of probity,—who recognize a higher law than the Constitution, or the decision of the majority.”
—Henry David Thoreau (1817–1862)
“It is one of the most saddening things in life that, try as we may, we can never be certain of making people happy, whereas we can almost always be certain of making them unhappy.”
—Thomas Henry Huxley (1825–95)