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

Volume

42

Issue

3

fYear

1995

fDate

8/1/1995 12:00:00 AM

Firstpage

278

Lastpage

287

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;

fLanguage

English

Journal_Title

Engineering Management, IEEE Transactions on

Publisher

ieee

ISSN

0018-9391

Type

jour

DOI

10.1109/17.403746

Filename

403746