Title Military cost-benefit analysis : theory and practice / edited by Francois Melese, Anke Richter, and Binyam Solomon

Published London : Routledge, Taylor & Francis Group, 2015

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Description 1 online resource Series Routledge studies in defence and peace economics Routledge studies in defence and peace economics. Contents pt. 1. Introduction and problem formulation -- pt. 2. Measuring costs and future funding -- pt. 3. Measuring effectiveness -- pt. 4. New approaches to military cost-benefit analysis -- pt. 5. Selected applications Summary 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 Bibliography Includes bibliographical references and index Notes Online resource; title from PDF title page (EBSCO, viewed April 9, 2015) Subject United States. Department of Defense -- Appropriations and expenditures -- Evaluation SUBJECT United States. Department of Defense fast Subject Armed Forces -- Appropriations and expenditures -- Evaluation -- Case studies Cost effectiveness -- Government policy -- United States Operations research -- United States HISTORY -- Military -- Other. TECHNOLOGY & ENGINEERING -- Military Science. Armed Forces -- Appropriations and expenditures -- Evaluation Expenditures, Public Military readiness -- Costs Operations research SUBJECT United States -- Armed Forces -- Appropriations and expenditures -- Evaluation United States -- Defenses -- Costs Subject United States Genre/Form Electronic books Case studies Form Electronic book Author Melese, F., editor. Richter, A. (Anke), editor. Solomon, B. (Binyam), editor. ISBN 9781315724690 1315724693 9781317531722 1317531728 9781317531708 1317531701 9781317531715 131753171X

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