Cost Effectiveness Criteria for Defence Systems - a Detailed AnalysisAdd bookmark
The devil is in the cost details. At least, this is the case for defence administrations and ministries around the world who face the herculean task of maintaining operational militaries whilst simultaneously struggling to procure and deploy reliable systems, equipment and materiel. If, generically speaking, we refer to a "system" as every type – however complex – of military asset, system procurement processes are influenced not only by the initial purchasing cost of a system, but particularly by all costs arising before, during and after the system is delivered for operational use. This would also include its respective retirement stage at the end of the system life cycle. The total amount of these costs, for a single system, is commonly defined as "Life Cycle Cost" (LCC).