Catalogue


An economic framework for evaluating military aircraft replacement /
Victoria A. Greenfield and David Persselin.
imprint
Santa Monica, Calif. : Rand, 2002.
description
xiii, 43 p. : ill. ; 28 cm.
ISBN
0833031228
format(s)
Book
Holdings
More Details
added author
imprint
Santa Monica, Calif. : Rand, 2002.
isbn
0833031228
general note
"MR-1489-AF"--P. [4] of cover.
"Prepared for the United States Air Force."
"Project Air Force"
catalogue key
4764654
 
Includes bibliographical references.
Sponsored by the United States Air Force. F49642-01-C-0003
A Look Inside
First Chapter
An economic framework for identifying cost-effective aircraft replacement strategies
Summaries
Main Description
Aging aircraft, burdensome operating and support costs, and maintenance uncertainties have led the United States Air Force to ask when and how to replace its fleets. In response, RAND has developed an economic framework to aid in identifying optimal replacement strategies that recognize tradeoffs among costs and explicitly incorporate the effects of age and uncertainty.
Unpaid Annotation
Aging aircraft, burdensome operating and support costs, and maintenance uncertainties have led the U.S. Air Force to ask when and how to replace its fleets. The authors identify an optimal replacement strategy for a generic fleet, comparing the least-cost solutions with and without uncertainty and testing the sensitivity of the results to key parametric assumptions.
Bowker Data Service Summary
This work presents a framework for identifying cost-effective aircraft replacement strategies. The authors suggest that age may contribute to higher and less-predictable costs, as may workforce reductions, depot closures, and spare part shortages.
Table of Contents
Prefacep. iii
Figuresp. vii
Tablesp. ix
Summaryp. xi
Acknowledgmentsp. xiii
Introductionp. 1
Literature Reviewp. 3
Deterministic Modelp. 8
Stochastic Modelp. 14
Policy Implications and Future Researchp. 29
Solution Methodologyp. 31
Interest Rate Sensitivityp. 38
Referencesp. 41
Table of Contents provided by Publisher. All Rights Reserved.

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