Being Prepared for IROPS: A Business-Planning and Decision-Making Approach (2014) / Chapter Skim
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Pages 31-37
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From page 31... ...
31 To implement the IROPS business-planning approach in a pragmatic way, this guidebook is accompanied by the IRIS decision support tool, an application developed in Microsoft Excel. IRIS uses AHP to prioritize and rank IROPS mitigation initiatives under consideration by an airport.
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From page 32... ...
32 Being Prepared for IROPS: A Business-Planning and Decision-Making Approach definitions of the criteria listed in Table 8. The scale used to rate the relative importance of the criteria is shown in Table 9.
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IROPS Investment Support (IRIS) Decision Support Tool 33 In short, IRIS can be said to consist of five wizards: The portfolio wizard, cost wizard, comparisons wizard, effectiveness wizard, and results wizard.
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From page 34... ...
34 Being Prepared for IROPS: A Business-Planning and Decision-Making Approach costs, the same lifecycle duration must be used for all mitigations across all events. Doing this ensures that the rankings in the portfolio are not biased by having different numbers of years of recurring costs when computing the lifecycle cost used in the decision-making analysis.
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From page 35... ...
IROPS Investment Support (IRIS) Decision Support Tool 35 The resulting lifecycle cost for each initiative in the investment portfolio appears in the summary report in the results wizard.
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From page 36... ...
36 Being Prepared for IROPS: A Business-Planning and Decision-Making Approach identify and correct the error, a "Suggest Values" option is available to help the user. Selecting "Suggest Values" starts an iterative process that adjusts the user-entered values so that the final values are logically consistent.
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From page 37... ...
IROPS Investment Support (IRIS) Decision Support Tool 37 lifecycle of 10 years.
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