Major weapons procurement: An efficiency-based approach for the selection of fighter jets

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Title:	Major weapons procurement: An efficiency-based approach for the selection of fighter jets
Authors:	Lu, WM (Lu, Wen-Min) Kweh, QL (Kweh, Qian Long) Nourani, M (Nourani, Mohammad) Shih, JM (Shih, Jui-Min)
Contributors:	國企系
Keywords:	COMPLEX PRODUCTS PERFORMANCE MILITARY SYSTEM
Date:	2019-12
Issue Date:	2020-01-20 13:53:51 (UTC+8)
Abstract:	This study applies the epsilon-based measure method in data envelopment analysis (DEA) to evaluate processes in procuring fighter jets (FJs), which are indicative of the technology and capability of major weapons. Moreover, multidimensional scaling analysis and sensitivity analysis were included to assess the selection of FJs. The DEA analysis indicates that the overall efficiency of the sample of 26 FJs was 0.824 on average. Besides, procurers rely on price and capability to decide which FJ models to purchase. Overall, the evaluation results can be provided to procurement decision makers even in selecting other types of major weapon in a cost-effective manner.
Relation:	MANAGERIAL AND DECISION ECONOMICS 早期取閱: DEC 2019
Appears in Collections:	[Department of Business Administration & Graduate Institute of International Business Administration ] periodical articles

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