Title :
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
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;
Conference_Titel :
Management of Engineering and Technology, 2001. PICMET '01. Portland International Conference on
Conference_Location :
Portland, OR
Print_ISBN :
1-890843-06-7
DOI :
10.1109/PICMET.2001.952153
