Military Cost Benefit Analysis
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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 | : United States. General Accounting Office |
Publisher | : |
Total Pages | : 74 |
Release | : 1976 |
Genre | : Cost effectiveness |
ISBN | : |
Author | : Stanley A. Horowitz |
Publisher | : |
Total Pages | : 0 |
Release | : 2022 |
Genre | : |
ISBN | : |
Author | : Zhigang Wang |
Publisher | : |
Total Pages | : |
Release | : 2016 |
Genre | : |
ISBN | : |
Author | : J. S. McMichael |
Publisher | : |
Total Pages | : 25 |
Release | : 1985 |
Genre | : |
ISBN | : |
The goal of this study was to determine what current theory and practice in cost-benefit analysis (CBA) may have to offer toward improving the application of CBA tools in the Department of Defense, specifically their application to decision making in the human resources areas of manpower, personnel and training (MPT). A survey was made of the cost-benefit analysis literature to develop a taxonomy of generally accepted and widely used techniques and analytic precepts. The survey identified fourteen economic precepts and principles applicable to CBA; they were associated with two major foundations of CBA, financial analysis and welfare economics. Associated with financial analysis were the following seven elements; formulating the objective; specifying alternatives; determining the accounting stance; establishing decision criteria; discounting; conducting sensitivity analyses; formulating production functions. Associated with welfare economics were the following six elements; shadow pricing; establishing commensurability of costs and benefits; evaluating risk bearing; accounting for externalities; evaluating intangibles; measuring distributional effects. An additional element, conducting retrospective evaluations, was also included.
Author | : Carlos J. Silva |
Publisher | : |
Total Pages | : 114 |
Release | : 2000-06-01 |
Genre | : |
ISBN | : 9781423536550 |
This thesis reviews the application of cost-benefit analysis (CBA) in the Department of Defense (DOD) and the software and automated tools used in these applications. The thesis focuses on the analytic capabilities of the software and tools as applied to cost-benefit analysis problems in the DOD environment. The principles of cost-benefit analysis are used to evaluate the utility of the existing software applied to DOD cost-benefit analyses. The research identifies the cost-benefit analysis automated tools used in the DOD and the regulations that apply to cost-benefit analyses in the DOD. It also lists the organizations involved in conducting CBA. By reading the list of tools and their features, readers will become aware of what is currently available in DOD to facilitate the reliability of CBA. The study also focuses on the ECONPACK software developed by the U.S. Army Corps of Engineers. ECONPACK's strengths and weaknesses are analyzed. Also, ECONPACK is used to replicate two earlier studies - one a cost-benefit analysis of retail activities at military bases, the other a cost-effectiveness study of the operational availability of the Brazilian and Argentinean A-4 fleet. The replications demonstrate that ECONPACK is designed to support cost and cost-effectiveness analyses rather than true cost-benefit analyses.
Author | : Paul G. Hough |
Publisher | : |
Total Pages | : 44 |
Release | : 1989 |
Genre | : United States |
ISBN | : |
Author | : T. Arthur Smith |
Publisher | : |
Total Pages | : 198 |
Release | : 1968 |
Genre | : Containerization |
ISBN | : |
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 | : Curtis A Becker (Jr) |
Publisher | : |
Total Pages | : 95 |
Release | : 2000-06 |
Genre | : |
ISBN | : 9781423538028 |
Recent reports cite that military Food Stamp Program beneficiaries may range from 6,400 to 20,000. The need for food stamps has been attributed to several factors, one of which is the perceived military "pay gap". Although, significant strides have been made in recent years to improve quality of life for our service men and women and their families, the military pay system tends to lag behind the civilian employment cost growth index. Despite the strong economy that we currently enjoy, many of our service personnel are struggling to make ends meet. The analysis compared the costs associated with providing eligible personnel with food stamps to the cost of providing a Special Subsistence Allowance in lieu of food stamps. On the surface, the Federal Government may realize approximately $7,862,400 savings if the additional subsistence is set at $180 per beneficiary per month, as posed in Senate legislation. Despite such savings, the Department of Defense is constrained by its compensation system, which uses promotion and pay increases to encourage advancement and longevity as a basis for compensation. The Special Subsistence Allowance in lieu of food stamps could also have devastating financial effects for some while providing a cash bonus for others.