Accession Number : AD0713002

Title :   DECISION ANALYSES USING PRESENT VALUE TECHNIQUES.

Descriptive Note : Technical rept.,

Corporate Author : ARMY AVIATION SYSTEMS COMMAND ST LOUIS MO

Personal Author(s) : Williams,George B. ; Sutterfield,James S. ; Biagioli,Mary A.

Report Date : 1970

Pagination or Media Count : 38

Abstract : The document contains three separate papers entitled: 'Criteria for Timing Replacement of Weapons Systems', 'An Analysis to Select the Best Investment from Alternative Aircraft Systems', 'A Risk Analysis Technique Using Present Value Theory'. The difficult task of assigning a value to the performance of a military mission is undertaken, and the costs of the means of achieving that mission assessed against it to provide a measure of net benefit. The payoff is then discounted to provide the present value of a system, an action, or alternative methods of accomplishing the mission. Two examples are worked out. (Author)

Descriptors :   (*DECISION THEORY, MANAGEMENT PLANNING AND CONTROL), (*MILITARY SUPPLIES, *REPLACEMENT THEORY), DEFENSE SYSTEMS, COST EFFECTIVENESS, COSTS, ITERATIONS, OPTIMIZATION, PREDICTIONS

Subject Categories : Operations Research
      Logistics, Military Facilities and Supplies

Distribution Statement : APPROVED FOR PUBLIC RELEASE