This is a thorough, timely and up-to-date treatment of cost-benefit analysis in the defence environment. Its analysis should be helpful to all those potentially and actually involved not only in weapons system acquisition but in public procurement more broadly.
Peter Hall, Emeritus Professor, School of Business, University of New South Wales, Canberra.
At a time when government budgets and public sector procurement are under immense pressure globally, it is imperative that practitioners and students alike fully understand the appropriate techniques available to properly evaluate such procurement in the interests of effective decision-making. This book makes a unique contribution in this regard providing, for the first time, an accessible handbook designed to meet this objective which focuses on the military sector where some of the most difficult decisions are currently having to be made. Both students and practitioners in the military sector will find this book essential reading and the ideas contained here will also resonate with those working in or studying other parts of the public sector.
Professor Derek Braddon, Emeritus Professor of Economics University of the West of England, Bristol, UK.
About the Author
Francois Melese is Professor of Economics at the Defense Resources Management Institute (DRMI) in the Graduate School of Business and Public Policy at the Naval Postgraduate School, USA.
Anke Richter is Professor of Operations Research at the Defense Resources Management Institute (DRMI) in the Graduate School of Business and Public Policy at the Naval Postgraduate School, USA.
Binyam Solomon is a Senior Scientist with Defence Research and Development Canada.