Military Cost-Benefit Analysis

Theory and practice
Herausgeber: Melese, Francois; Solomon, Binyam; Richter, Anke

• Gebundenes Buch

Produktbeschreibung

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.

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Produktdetails

• Routledge Studies in Defence and Peace Economics
• Verlag: Taylor & Francis Ltd
• Seitenzahl: 470
• Erscheinungstermin: 2. April 2015
• Englisch
• Abmessung: 240mm x 161mm x 30mm
• Gewicht: 816g
• ISBN-13: 9781138850422
• ISBN-10: 113885042X
• Artikelnr.: 41608367

Autorenporträt

Francois Melese is Professor of Economics at the Defense Resources Management Institute (DRMI) in the Graduate School of Business and Public Policy at the Naval Postgraduate School, USA. Anke Richter is Professor of Operations Research at the Defense Resources Management Institute (DRMI) in the Graduate School of Business and Public Policy at the Naval Postgraduate School, USA. Binyam Solomon is a Senior Scientist with Defence Research and Development Canada.

Inhaltsangabe

I. Introduction and Problem Formulation 1. Introduction - Military
Cost-Benefit Analysis (CBA): Theory & Practice 2. Allocating National
Security Resources 3. Measuring Defense Output: An Economics Perspective 4.
The Economic Evaluation of Alternatives (EEoA) II. Measuring Costs and
Future Funding 5. Cost Analysis 6. Advances in Cost Estimating : A
Demonstration of Advanced Machine Leaning Techniques for Cost Estimation 7.
Facing Future Funding Realities: Forecasting Budgets beyond the FYDP III.
Measuring Effectiveness 8. Multiple Objective Decision-Making 9. A New
Approach to Evaluate Safety and Force Protection Investments: Tradeoffs
between Money Spent and Lives Saved IV. New Approaches to Military
Cost-Benefit Analysis 10. The Role of Cost-Effectiveness Analysis in
Allocating Defense Resources 11. A Risk-Based Approach to Cost-Benefit
Analysis: Strategic Real Options, Monte Carlo Simulation, Knowledge Value
Added, and Portfolio Optimization 12. Extensions of the
Greenfield-Persselin Optimal Fleet Replacement Model: Applications to the
Canadian Forces CP-140A Arcturus Fleet V. Selected Applications 13.
Embedding Affordability Assessments in Military Cost-Benefit Analysis:
Defense Modernization in Bulgaria 14. Real Options in Military Acquisition:
A Retrospective Case Study of the Javelin Anti-tank Missile System 15. An
Application of Military Cost-Benefit Analysis in a Major Defense
Acquisition: The C-17 Transport Aircraft 16. Cost-Effectiveness Analysis of
Autonomous Aerial Platforms and Communications Payloads 17. Time
Discounting in Military Cost-Benefit Analysis (CBA)