Problem:
You're attempting to run the SARINIT job and it ends with RC=16 and issues a "SARINI03 Invalid value" error message against the 'NAME=' parameter setting.
Resolution:
The 'NAME=' parameter specifies the high-level name of the CA VIEW database that will be updated by the execution of the SARINIT job.
If you received this "SARINI03 Invalid value" error specifically against the 'NAME=' setting then chances are that the value you have coded in the NAME field exceeds the maximum number of characters that can be specified in this field.
The 'NAME=' parameter used in the SARINIT job is limited to a MAXIMUM of 17 characters.