IDEAS home Printed from https://ideas.repec.org/a/inm/oropre/v13y1965i2p191-201.html
   My bibliography  Save this article

A Theory of Cost-Effectiveness for Military Systems Analysis

Author

Listed:
  • Peter D. Fox

    (Stanford Research Institute, Menlo Park, California)

Abstract

This paper presents a theoretical basis for cost-effectiveness analysis. It is argued that, frequently, a range of effectiveness or cost levels may be acceptable to whoever must ultimately decide which military system (if any) should be acquired. The function of the analyst is to present a schedule of alternatives and not to optimize in the sense that he recommends the selection of a particular alternative. The formulation of the schedule is discussed where the cost and effectiveness associated with each alternative are viewed as random variables. The paper concludes with some general observations relating to military system selection.

Suggested Citation

  • Peter D. Fox, 1965. "A Theory of Cost-Effectiveness for Military Systems Analysis," Operations Research, INFORMS, vol. 13(2), pages 191-201, April.
    • Handle: RePEc:inm:oropre:v:13:y:1965:i:2:p:191-201
    DOI: 10.1287/opre.13.2.191
    as

    Download full text from publisher

    File URL: http://dx.doi.org/10.1287/opre.13.2.191
    Download Restriction: no
    File URL: https://libkey.io/10.1287/opre.13.2.191?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Kangaspunta, Jussi & Liesiö, Juuso & Salo, Ahti, 2012. "Cost-efficiency analysis of weapon system portfolios," European Journal of Operational Research, Elsevier, vol. 223(1), pages 264-275.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:inm:oropre:v:13:y:1965:i:2:p:191-201. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Chris Asher (email available below). General contact details of provider: https://edirc.repec.org/data/inforea.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.