20/30 Hindsight: But Routine Army Procurements ARE Policy Decisions

Robert G. Chamberlain and George Fox
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Robert G. Chamberlain: Jet Propulsion Laboratory, California Institute of Technology, 4800 Oak Grove Drive, Pasadena, California 91109
George Fox: Jet Propulsion Laboratory, California Institute of Technology, 4800 Oak Grove Drive, Pasadena, California 91109

Interfaces, 1989, vol. 19, issue 3, 75-78

Abstract: Usually, it is much cheaper to stockpile factories to make Army materiel than to stockpile the materiel itself. We were that close to getting the Army's routine procurement accounting system to show the trade-off on every report. What could we have done differently, so that billions of dollars would be spent more effectively?“Hindsight,” they say, “is always 20/20.” I am not convinced. What can you learn from our story besides what we point out below?For that matter, what can we all learn from your story? Not a thing, unless you tell it. Do you have the self-confidence to share a lesson from the School of Hard Knocks? If so, please do!---Robert G. Chamberlain

Keywords: military: requirements evaluation; inventory/production: planning (search for similar items in EconPapers)
Date: 1989
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