An Integer Goal Programming Model for Determining Military Aircraft Expenditures |
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Authors: | III" target="_blank">Bernard W TaylorIII Arthur J Keown Allen G Greenwood |
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Institution: | 1.Virginia Polytechnic Institute and State University, |
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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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