A Novel Cost Benefit Analysis For Evaluation Of Complex Military Systems
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Author | : |
Publisher | : |
Total Pages | : 21 |
Release | : 1995 |
Genre | : |
ISBN | : |
This article presents a systematic merit function approach for the comprehensive evaluation of competing military systems. The merit function is defined to be the ratio of quantified system benefit to system life cycle cost. System benefit is measured by a unique utility function that quantifies the degree to which a given system configuration satisfies an identified set of customer requirements. This measure is derived from the information contained in Quality Function Deployment tables. The second portion of the merit function is a life cycle cost measure that can be developed using any valid estimation technique. With this merit function approach, the cost effectiveness of complex systems can be quantified. Comparison of the quantified merit of competing systems then provides for objective and reliable decision making. The merit function approach is demonstrated by an evaluation of two attack helicopter configurations.
Author | : Francois Melese |
Publisher | : Routledge |
Total Pages | : 469 |
Release | : 2015-03-27 |
Genre | : Business & Economics |
ISBN | : 1317531728 |
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.
Author | : Defense acquisition univ alexandria va |
Publisher | : |
Total Pages | : 107 |
Release | : 1995 |
Genre | : |
ISBN | : |
This magazine contains the following articles: A Novel Cost-Benefit Analysis for Evaluation of Complex Military Systems; Technology Diffusion in Large Organization Using Customer Perception Analysis Methods; Contracting Readiness (Timely Support for Military Operations); Leaders, Fiascoes, and Conspiracies (Dysfunctional Processes in Groups); and Project KAIZEN Looks at Congressional Oversight of Defense Acquisition Programs.
Author | : Francois Melese |
Publisher | : Routledge |
Total Pages | : 325 |
Release | : 2015-03-27 |
Genre | : Business & Economics |
ISBN | : 131753171X |
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.
Author | : |
Publisher | : |
Total Pages | : 302 |
Release | : 1980 |
Genre | : Cost effectiveness |
ISBN | : |
Author | : |
Publisher | : |
Total Pages | : 142 |
Release | : 2011 |
Genre | : Cost effectiveness |
ISBN | : |
The purpose of the Cost Benefit Analysis (CBA) Guide is to assist Army analysts and agencies in preparing CBA to support Army decision makers. Based on a structured process, this Guide will assist analysts in identifying, quantifying, and evaluating the future costs and benefits of alternative solutions. It will also assist in identifying the optimum course of action for decision-making purposes. This Guide is intended for general use in functional areas where CBA guidance does not exist. In some areas, such as weapon systems acquisition, guidance for cost estimating has already been published; analysts in these areas do not need to follow this Guide. For every proposed program, initiative or decision point that will be presented to decision makers, it is important to provide an accurate and complete picture of both the costs estimates and the benefits to be derived. The Guide is applicable to a wide range of requirements, issues, tasks, and problems that require a deliberate analysis to arrive at the optimum course of action. This Guide describes a CBA process that comprises eight major steps. 1. Define the problem / opportunity. Include background and circumstances. 2. Formulate Assumptions and Identify Constraints 3. Define and document alternatives (including the status quo if relevant) 4. Develop cost estimates for each alternative (including status quo if relevant) 5. Identify Quantifiable and Non-Quantifiable Benefits 6. Define Alternative Selection Criteria 7. Compare Alternatives 8. Report Results and Recommendations.
Author | : Adedeji B. Badiru |
Publisher | : CRC Press |
Total Pages | : 229 |
Release | : 2024-02-09 |
Genre | : Technology & Engineering |
ISBN | : 1003837263 |
We cannot manage and control what we cannot measure and assess. Poor assessment results have been cited as a primary reason for project failures, in terms of cost, schedule, and quality. This book introduces metrics, rubrics, and standards pertinent to assessing innovation. Assessing Innovation: Metrics, Rubrics, and Standards provides a new view for the embracing of innovation and establishing a quantitative basis for determining innovation levels. It bridges innovation with practice and presents a systems view as it incorporates the human element and discusses the different roles carried out. This book offers standards that will guide readers as they tackle sustaining innovation and leverages Badiru’s Umbrella Model in the process. The inclusion of methodologies suitable for determining where and when innovation is happening, and to what extent it is currently being carried out, make this a unique book, along with being the only book that addresses innovation metrics, rubrics, and standards in an integrated fashion. Seen as a way to help advance the diverse pursuit of innovation, this book is an ideal read for those in engineering, business, industry, academia, government, and the military.
Author | : Jr., Harold F. O'Neil |
Publisher | : CRC Press |
Total Pages | : 366 |
Release | : 2000-07-01 |
Genre | : Technology & Engineering |
ISBN | : 1410605825 |
Aircrew Training and Assessment is designed for professionals in the aviation psychology, human factors, assessment and evaluation, vocational, technical, educational psychology, and educational technology communities. It explores the state of the art in the training and assessment of aircrews and includes a review and description of the use
Author | : John E. Morrison |
Publisher | : |
Total Pages | : 72 |
Release | : 2008 |
Genre | : Cost effectiveness |
ISBN | : |
"The report was based on outcomes from the "Army Science of Learning Workshop" sponsored by the U.S. Army Research Institute for the Behavioral and Social Sciences (ARI) at the request of the U.S. Army Training and Doctrine Command (TRADOC). The present report took findings from the workshop and derived a research and development (R&D) program. The elements of the current analysis were 21 proposed R&D efforts derived from concepts discussed in the workshop. Total costs were calculated in two ways: (1) implementation and other costs were summed to estimate the first-year start-up (Y1) costs; and (2) long-term costs were calculated by adding maintenance to Y1 estimates, assuming a five-year time frame. The benefit of a proposed R&D effort was conceived as analogous to expected value-that is , an estimate of the work's operational impact multiplied by the probability of successfully executing the work. These data were used to derive three types of proposal "packages": (1) an optimal package that maximizes benefit and minimizes costs, (2) a package having a fixed budget that maximizes total benefit, and (3) a package for a stated level of benefit that minimizes costs. The analyses provided sensible alternative plans for a TRADOC R&D program"--P. i.
Author | : Paul G. Hough |
Publisher | : |
Total Pages | : 44 |
Release | : 1989 |
Genre | : United States |
ISBN | : |