Optimizing Military Capital Planning

Planning United States military procurement commits a significant portion of our nation's wealth and determines our ability to defend ourselves, our allies, and our principles over the long term. Our military pioneered and has long used mathematical optimization to unravel the distinguishing co...

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Bibliographic Details
Published in:Interfaces (Providence) 2004-11, Vol.34 (6), p.415-425
Main Authors: Brown, Gerald G, Dell, Robert F, Newman, Alexandra M
Format: Article
Language:English
Subjects:
Acquisition costs
Aircraft
Armed forces
Budgets
Capital budgeting
capital budgets
Defense
Defense spending
defense systems
Finance
Financial budgets
Financial management
Integers
Linear programming
Mathematical optimization
Mathematical programming
military
Military defense
Military planning
Navies
Optimization
Planning
Procurement
Studies
Weapon systems
Weapons
World War II
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Summary:Planning United States military procurement commits a significant portion of our nation's wealth and determines our ability to defend ourselves, our allies, and our principles over the long term. Our military pioneered and has long used mathematical optimization to unravel the distinguishing complexities of military capital planning. The succession of mathematical optimization models we present exhibits increasingly detailed features; such embellishments are always needed for real-world, long-term procurement decision models. Two case studies illustrate practical modeling tricks that are useful in helping decision makers decide how to spend about a trillion dollars.
ISSN:0092-2102
2644-0865
1526-551X
2644-0873
DOI:10.1287/inte.1040.0107