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:
“Once the decision has been reached, close your ears even to the best counter-argument: a sign of strong character. Thus an occasional will to stupidity.”
—Friedrich Nietzsche (1844–1900)
“One reason why we find so few men of reasonable and agreeable conversation is that there is scarcely anyone whose mind is not more intent upon what he himself has a mind to say than on making pertinent replies to what is being said to him.”
—François, Duc De La Rochefoucauld (1613–1680)