Military Cost–Benefit Analysis

Military Cost–Benefit Analysis

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This is the first comprehensive book on Military Cost-Benefit Analysis and provides novel approaches to structuring cost-benefit and affordability analysis amidst an uncertain defense environment and cloudy fiscal prospects. Lifting the veil on military Cost-Benefit Analysis, this volume offers several new practical tools designed to guide defense investments (and divestments), combined with a selection of real-world applications. The widespread employment of Cost-Benefit Analysis offers a unique opportunity to transform legacy defense forces into efficient, effective, and accountable 21st century organizations. A synthesis of economics, statistics and decision theory, CBA is currently used in a wide range of defense applications in countries around the world: i) to shape national security strategy, ii) to set acquisition policy, and iii) to inform critical investments in people, equipment, infrastructure, services and supplies. As sovereign debt challenges squeeze national budgets, and emerging threats disrupt traditional notions of security, this volume offers valuable tools to navigate the political landscape, meet calls for fiscal accountability, and boost the effectiveness of defense investments to help guarantee future peace and stability. A valuable resource for scholars, practitioners, novices and experts, this book offers a comprehensive overview of Military Cost-Benefit Analysis and will appeal to anyone interested or involved in improving national security, and will also be of general interest to those responsible for major government programs, projects or policies.The model we construct represents a prototype for a fleet replacement strategy using data from the CP-140A Arcturus as ... Empirical evidence suggests a positive relationship between the age of military platforms and their Oaamp;M costs ( Johnson 1962; Nelson 1977; Marks and Hess 1981; Ramsey et al. ... of the problems associated with aging material have emerged with little or no warning I„ (Pyles 2003).

Title:Military Cost–Benefit Analysis
Author:Francois Melese, Anke Richter, Binyam Solomon
Publisher:Routledge - 2015-03-27


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