COST ANALYSIS AND MEASURE OF EFFECTIVENESS USES IN IMPROVING THE MILITARY CAPABILITIES
COST ANALYSIS AND MEASURE OF EFFECTIVENESS USES IN IMPROVING THE MILITARY CAPABILITIES
Author(s): Bogdan Simion MalanciucSubject(s): Economic policy, Security and defense, Military policy, Accounting - Business Administration
Published by: Regional Department of Defense Resources Management Studies
Keywords: cost-benefit analysis; effectiveness; cost estimation; decision-making;
Summary/Abstract: Cost–benefit analysis (CBA) in the military offers a vital tool to help guide governments through both stable and turbulent times. As countries struggle with the dual challenges of an uncertain defense environment and cloudy budgetary prospects, CBA offers a unique opportunity to transform defense forces into more efficient and effective organizations.Taking difficult decisions is always a struggle in the military. Choosing between cutting cost and raising effectiveness is a hard job for every leader. CBA offers a scientific approach to decision making in the military, especial in the field of resource allocation.
Journal: Defense Resources Management in the 21st Century
- Issue Year: 16/2021
- Issue No: 16
- Page Range: 139-149
- Page Count: 11
- Language: English