Selecting military weapon systems development portfolios: challenges in value measurement

Author

Greiner, Michael A. ; McNutt, Ross T. ; Shunk, Dan L. ; Fowler, John W.

Author_Institution

Dept. of Ind. Eng., Arizona State Univ., Tempe, AZ, USA

Volume

Supplement

fYear

2001

fDate

2001

Firstpage

403

Abstract

Economic measures such as internal rate of return (IRR), net present value (NPV), and return on investment (ROI) are commonly used in evaluating commercial-based R&D projects. However, such economic measures in their commercial form are of little use in evaluating weapon systems development efforts. This paper examines challenges faced by the Department of Defense in determining weapon system value during the R&D portfolio selection processes

Keywords

economics; product development; research and development management; value engineering; weapons; Department of Defense; R&D management; USA; commercial-based R&D projects; economic measures; internal rate of return; military weapon systems development portfolios selection; net present value; return on investment; value measurement challenges; Best practices; Business communication; Force measurement; Industrial engineering; Investments; Missiles; Personnel; Portfolios; Research and development; Weapons;

fLanguage

English

Publisher

ieee

Conference_Titel

Management of Engineering and Technology, 2001. PICMET '01. Portland International Conference on

Conference_Location

Portland, OR

Print_ISBN

1-890843-06-7

Type

conf

DOI

10.1109/PICMET.2001.952153

Filename

952153