Major weapons procurement: An efficiency‐based approach for the selection of fighter jets
Major weapons procurement: An efficiency‐based approach for the selection of fighter jets
Date
2020-06-01
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Authors
Lu, Wen‐Min
Kweh, Qian Long
Nourani, Mohammad
Shih, Jui‐Min
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Publisher
John Wiley and Sons Ltd
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. © 2019 John Wiley & Sons, Ltd.
Description
This article is not available at CUD collection. The version of scholarly record of this Article is published in Managerial and Decision Economics (2020), available online at: https://doi.org/10.1002/mde.3121
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Article
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Keywords
Data envelopment analysis , Efficiency , Cross-efficiency evaluation
Citation
Lu, W. M., Kweh, Q. L., Nourani, M., & Shih, J. M. (2019). Major weapons procurement: An efficiency‐based approach for the selection of fighter jets. Managerial and Decision Economics, 41(4), 574– 585. https://doi.org/10.1002/mde.3121