Applications of Life Cycle Cost concept in weapon systems acquisition for the Korea military
Lee, Kyu Suk
Youn, Tai Young
Sovereign, Michael G.
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This thesis deals with the Life Cycle Cost (LCC) concept and life cycle costing techniques. It also presents the LCC application methodology in new weapon systems acquisition for the Republic of Korea(R.O.K.) military. Historically, the acquisition of a weapon system in the Republic of Korea has been made on the basis of system effectiveness and initial acquisition cost, with little or no consideration being given to Operating and Support(O&S) costs that will be incurred after the system is deployed in the field. The Korea has concentrated on self-production since 1976. Also, Korea still acquires most of its sophisticated weapon systems from foreign countries. Under this situation, broad understanding of LCC concept and techniques are needed. This thesis introduces the LCC concept. Life cycle costing techniques and the methodology for Life Cycle Cost analysis. Then, the aircraft cost-estimating models for application are reviewed. It proceeds with applying the LCC for the aircraft acquisition program. By using the cost-estimating model, two alternative aircraft (F-14, F-18) and an existing aircraft( F-4) are compared, then the preferred alternative for the R.O.K. is selected on the basis of LCC results. It is shown that the F-18 is the preferred alternative aircraft among the two alternatives.
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