Economics at your fingertips  

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

Wen‐Min Lu, Qian Long Kweh, Mohammad Nourani () and Jui‐Min Shih

Managerial and Decision Economics, 2020, vol. 41, issue 4, 574-585

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.

Date: 2020
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1) Track citations by RSS feed

Downloads: (external link)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link:

Access Statistics for this article

Managerial and Decision Economics is currently edited by Antony Dnes

More articles in Managerial and Decision Economics from John Wiley & Sons, Ltd.
Bibliographic data for series maintained by Wiley Content Delivery ().

Page updated 2021-03-28
Handle: RePEc:wly:mgtdec:v:41:y:2020:i:4:p:574-585