Military Cost-Benefit Analysis: Theory and practice

ISBN-13: 9781138495388 / Angielski / Miękka / 2018 / 434 str.

Francois Melese; Anke Richter; Binyam Solomon

Opis

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.

Spis treści

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)