3: The Role & Opportunity of Value Based Optimization

In a world where policy makers and business leaders focus on achieving single objectives - for some, that means saving lives; for others, achieving carbon neutrality; for others, creating a more equitable society.  The reality is, the narrative that focuses on the single noble outcome obscures the more important and nuanced reality - that there are no single-variable solutions, only trade-offs. 

Every decision requires evaluating many contingencies - and  having a robust, rigorous, and Ecosystemic approach to optimizing complex systems is becoming increasingly important. Considering the components in decision-making models, and valuing the trade-offs between various cost and performance metrics is critical to optimizing complex systems. And openly communicating the trade-off decisions and rationale is essential to establish trust and transparency in the ecosystem impacted by those decisions.

In this podcast episode, our hosts Marco Annunziata and James Villarubia sit down with Dr. Ed Powell to discuss the role and opportunity of value-driven model-based optimization, understanding the trade off between price and performance, looking at key performance indicators through a more systemic lens and how this approach can contribute to designing better Ecosystemic Futures.

 

Show Highlights: 

“It’s all economics… it’s a question of the currency.” -G. Edward Powell

“Seeing that everything is a tradeoff and what are the compromises…”  -G. Edward Powell

 

Guest: G. Edward Powell, PhD, CEO, TensorX, Inc on Twitter at @edpowell63

 

Co-hosts: 

Marco Annunziata, Co-Founder, Annunziata + Desai Partners on Twitter at @marcoannunziata

James Villarubia, White House Presidential Innovation Fellow & Digital Strategist for CAS, NASA on Twitter at @james_mtc

 

#ecosystemicfutures