Accession Number : ADA187626

Title :   The Effect of Discounting on Defense Decisions.

Descriptive Note : Master's thesis,

Corporate Author : AIR FORCE INST OF TECH WRIGHT-PATTERSON AFB OH SCHOOL OF SYSTEMS AND LOGISTICS

Personal Author(s) : Carstens, Veronique M

PDF Url : ADA187626

Report Date : Sep 1987

Pagination or Media Count : 94

Abstract : The technique of discounting is based on the dollar today is worth more than a dollar in the future. This is often referred to as the time value of money. This technique is widely accepted in the private sector; however, its use in the public sector has been repeatedly questioned process. Several analysts were interviewed and several cases were reviewed to determine if discounting is being used by DoD, including a discussion between net present value and internal rate of return, and a discussion on inflation.

Descriptors :   *MILITARY PROCUREMENT, *FINANCE, DECISION MAKING, INTERNAL, RATES, AIR FORCE EQUIPMENT

Subject Categories : Economics and Cost Analysis
      Logistics, Military Facilities and Supplies

Distribution Statement : APPROVED FOR PUBLIC RELEASE