WBB utilizes an array of methods, techniques and tools to address decision-making challenges that contain a large degree of uncertainty. One such method, trade studies, are formal tools for finding the best solutions for system performance from a range of potential available options. Through technological advances in areas such as analytics and computing power, trade studies enable our team to evaluate a solution’s capabilities against multiple constraints and user requirements. By conducting trade studies, WBB is able to assess a great number of variables to determine the configuration that produces the most balanced solution for your needs, by comparing formulations using criteria such as:
- System Configuration
- Client goals
- Other pertinent factors
Trade studies assess each solution’s respective operational capabilities, as well as functional and performance requirements, manufacturing and support processes, program schedule and life-cycle cost to systematically examine pertinent alternatives. Once alternatives have been identified, our trade study analysts will apply a set of decision criteria to analyze alternative options. Criteria will be ‘traded’ to effectively determine which alternative is most optimal.
Trade studies are performed for a large set of decisions at WBB, including:
- All acquisitions, from concept development to system design
- For determining ideal operational and system level requirements for system engineering tasks
- For resolving conflicts relating to requirements development and systems analysis
- For assessing proposed design changes and investigating alternative technologies
WBB’s post trade-study decisions are also evaluated and documented in a formal process known as ‘decision-analysis.’ This process records the requirements, assumptions, criteria and priorities used for each decision, and helps hold decision-makers accountable. This also enables our clients to calculate the relative value of the prescribed methodology, evaluate alternatives, select a more-preferred alternative (based on more appropriate criteria), and re-evaluate their results to improve future decisions.
Working With WBB
At WBB, we are fully committed to helping our clients evaluate all possible solutions in the most unbiased and vetted way possible. Through our effective trade study and analysis process, we will gather all the relevant data, requirements and client-valued criteria to fully support in brainstorming and evaluating potential solutions. After implementing a trade study using quantitative research methodology and implementing the best possible solution, we will develop an analysis to compare your findings against the prescribed methodology. This will allow you to assess your results and acquire actionable insights that enhance your decision-making processes moving forward.