Price vs. Performance: The Value of Next Generation Fighter Aircraft - Brossura

Stelly, J.

 
9781288298938: Price vs. Performance: The Value of Next Generation Fighter Aircraft
Brossura
ISBN 10: 1288298935 ISBN 13: 9781288298938
Casa editrice: British Library, Historical Print Editions, 2012

Sinossi

The United States Department of Defense (DoD) is currently recapitalizing its aging fighter aircraft inventory with the F-22A and F-35. While the DoD may consider cost and performance issues, it does not use a quantitative model that effectively measures the tradeoffs between the two. This thesis constructs a hedonic model of the fighter aircraft market to measure the implicit price on fighter performance characteristics and specifically applies it to next-generation aircraft. Data from 50 aircraft from 1949-present were used to construct two models - one based on procurement costs and one based on research, design, test, and evaluation (RDT and E) costs. The models, based on a linear Box-Cox transformation, demonstrated that the unique F-22A trait, the ability to super-cruise, has the highest per-unit implicit price ($68.5M), followed by the stealth technology ($58.7M) and large-scale integrated circuitry ($55.3M). The high marginal value for the super-cruise trait implies that, depending on how super-cruise is used operationally, the F-35A may be a more effective purchase in terms of resource allocation than the F-22A.

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Editore
British Library, Historical Print Editions
Data di pubblicazione
2012
Lingua
Inglese
ISBN 10 
1288298935
ISBN 13 
9781288298938
Rilegatura
Copertina flessibile
Numero di pagine
50
Contatto del produttore
non disponibile
Persona responsabile
gpsr@libri.de
gpsr@libri.de

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Hamburg
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Germania