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An Integer Goal Programming Model for Determining Military Aircraft Expenditures
Authors:III" target="_blank">Bernard W TaylorIII  Arthur J Keown  Allen G Greenwood
Institution:1.Virginia Polytechnic Institute and State University,
Abstract:The decision-making process involved in the procurement of military weapon systems, although quite critical and complex, still encompasses the basic characteristics of a capital budgeting problem. Given a number of expenditure items and a limited budget, it is desired to procure those weapon systems that will achieve the goals and objectives of the government and/or military in the most efficient manner. Since these objectives are typically numerous and diverse, traditional decision-making techniques are not applicable. As such, integer goal programming is suggested as a technique to be employed to determine the number of military aircraft to be procured, given conflicting expenditure, budget and effectiveness goals. This method is demonstrated via a case example in which the solution results are presented.
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