An Economic Framework for Evaluating Military Aircraft Replacement

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  • Format: Paperback
  • Copyright: 2002-04-12
  • Publisher: RAND Corporation
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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.

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
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