Portfolio analysis for defense: taking account of networking

To manage their assets at an enterprise level, defense organizations have turned to portfolio theory for the planning, analysis and management of their military forces and materiel. Despite being well established in the commercial sector, the application of portfolio approaches in defense is problematic. The vexatious question for defense of how to define and measure benefits arising is complicated by the increased utility and effectiveness achieved through networking of military forces and the equipment they use. The authors discuss the challenges for defense in using a portfolio approach and propose a conceptual model for dealing with the effects arising from networking with information and communications technologies.     

What U.S. Navy strategists and defense planners should think about in the era of maritime great power competition

ABSTRACT

For the first time in a generation, the US Navy finds itself in an era of great power competition. As US naval strategists and defense planners begin to organise materially and conceptually to confront the strategic and operational-level challenges posed by China and Russia, what should they keep in mind? What should frame their thinking? Absorbed with the day-to-day tasks associated with managing how the fleet is being built, operated, and rationalised, these busy officers and civilians seldom can step back and gain some perspective on fundamental aspects of the security environment and relate those to naval purpose. To that end, this article provides a primer on what to keep in mind and how to think in an era of maritime great power competition.