Title :
A multiple criteria buy versus lease analysis for government contracts
Author :
Mollaghasemi, Mansooreh ; Pet-Edwards, Julia ; Gupta, Uma
Author_Institution :
Dept. of Ind. Eng. & Manage. Syst., Central Florida Univ., Orlando, FL, USA
fDate :
8/1/1995 12:00:00 AM
Abstract :
In this paper, the authors describe their experiences with a real world case study that involved a buy versus lease decision for a government agency. The study was divided into two major parts: (1) the financial implications of buy versus lease; and (2) a multicriteria decision making (MCDM) model that explored the impact of both the tangible and intangible factors in a buy versus lease decision. The selected MCDM approach was the analytic hierarchy process (AHP). The study concluded that the lease option can be beneficial to both parties if the subjective criteria are considered
Keywords :
commerce; contracts; economics; management science; analytic hierarchy process; buy versus lease analysis; decision; financial implications; government contracts; management; multicriteria decision making; Business process re-engineering; Contracts; Costs; Decision making; Economic indicators; Engineering management; Finance; Government; Investments; Systems engineering and theory;
Journal_Title :
Engineering Management, IEEE Transactions on
