COST ANALYSIS AND MEASURE OF EFFECTIVENESS USES IN IMPROVING THE MILITARY CAPABILITIES Cover Image

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 Malanciuc
Subject(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.

  • Issue Year: 16/2021
  • Issue No: 16
  • Page Range: 139-149
  • Page Count: 11
  • Language: English
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