Optimizing Military Capital Planning

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Authors
Brown, Gerald G.
Dell, Robert F.
Newman, Alexandra M.
Subjects
finance
capital budgets
military
defense systems
Advisors
Date of Issue
2004
Date
2004
Publisher
Language
Abstract
Planning United States military procurement commits a significant portion of our nation’s wealth and deter- mines our ability to defend ourselves, our allies, and our principles over the long term. Our military pioneered and has long used mathematical optimization to unravel the distinguishing complexities of military capital planning. The succession of mathematical optimization models we present exhibits increasingly detailed fea- tures; such embellishments are always needed for real-world, long-term procurement decision models. Two case studies illustrate practical modeling tricks that are useful in helping decision makers decide how to spend about a trillion dollars.
Type
Description
Interfaces, 34 (6), 2004 , pp.  415-425.
The article of record as published may be located at http://dx.doi.org/doi 10.1287/inte.1040.0107
Center for Infrastructure Defense (CID) Paper.
Series/Report No
Department
Department of Operations Research
Identifiers
NPS Report Number
Sponsors
Funder
Format
Citation
Brown, G.G., Dell, R.F., and Newman, A.M., “ Optimizing Military Capital Planning, ”  Interfaces, 34 ( 6 ) , 2004 , pp.  415-425.
Distribution Statement
Rights
This publication is a work of the U.S. Government as defined in Title 17, United States Code, Section 101. Copyright protection is not available for this work in the United States.
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