A Hybrid Approach to the Valuation of RFID/MEMS technology applied to ordnance inventory
doerrgatesmutty.pdf (1.824Mb)Abstract
We report on an analysis of the costs and benefits of fielding Radio Frequency Identification/MicroElectroMechanical System (RFID/MEMS) technology for the management of ordnance inventory. A factorial model of these benefits is proposed. Our valuation approach combines a multi-criteria tool for the valuation of qualitative factors with a Monte-Carlo simulation of anticipated financial factors. In a sample survey, qualitative factors are shown to account over half of the anticipated benefits. The scale of the financial benefits, however, was sufficiently great to obviate the need for further analysis of qualitative factors.
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.Collections
Related items
Showing items related by title, author, creator and subject.
-
A hybrid approach to the valuation of RFID/MEMS technology applied to ordnance inventory
(Monterey, California. Naval Postgraduate School, 2005); NPS-GSBPP-05-013We report on an analysis of the costs and benefits of fielding Radio Frequency Identification / MicroElectroMechanical System (RFID /MEMS) technology for the management of ordnance inventory. A factorial model of these ... -
Real Options Analysis for Acquisition of New Technology: A Case Study of Korea K2 Tank's Powerpack
(MDPI, 2018);For sustainable defense management, it is essential to acquire weapons systems that can adapt to future uncertain threats and, at the same time, to invest efficiently with limited budgets. Economic analysis is used to ... -
Hedonic Estimation Under Very General Conditions Using Experimental and Quasi-Experimental Designs
(2013-08);This paper develops a generalized hedonic model in which an exogenous shock to a single product attribute can affect other attributes, the markets for the product’s complements and substitutes, and aggregate quantity ...
