A hybrid approach to the valuation of RFID/MEMS technology applied to ordnance inventory

Download
Author
Doerr, Kenneth H.
Gates, William R.
Mutty, John E.
Date
2005Metadata
Show full item recordAbstract
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 of 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.
NPS Report Number
NPS-GSBPP-05-013Related items
Showing items related by title, author, creator and subject.
-
A Hybrid Approach to the Valuation of RFID/MEMS technology applied to ordnance inventory
Doerr, Kenneth H.; Gates, William R.; Mutty, John E. (Elsevier, 2006);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 ... -
Hedonic Estimation Under Very General Conditions Using Experimental and Quasi-Experimental Designs
Rohlfs, Chris; Sullivan, Ryan; Kniesner, Thomas J. (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 ... -
Real Options Analysis for Acquisition of New Technology: A Case Study of Korea K2 Tank's Powerpack
Kim, Sungchul; Giachetti, Ronald; Park, Sangsung (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 ...