@article{ART002643215},
author={Park, Hyuk-Ki and Jinho Lee},
title={Procurements (Purchase or R&D) for Ballistic Missile Defense Systems: Focusing on THAAD, SM-3, and L-SAM},
journal={Journal of Advances in Military Studies},
issn={2635-5531},
year={2018},
volume={1},
number={1},
pages={1-17},
doi={10.37944/jams.v1i1.7}
TY - JOUR
AU - Park, Hyuk-Ki
AU - Jinho Lee
TI - Procurements (Purchase or R&D) for Ballistic Missile Defense Systems: Focusing on THAAD, SM-3, and L-SAM
JO - Journal of Advances in Military Studies
PY - 2018
VL - 1
IS - 1
PB - Institute of Defense Acquisition Program
SP - 1
EP - 17
SN - 2635-5531
AB - We perform cost analysis for evaluating alternatives to effectively defend the threat of North Korean ballistic missiles. As alternatives, THMD, SM-3, and L-SAM are considered, and we analyze the factors affecting to the cost of acquiring alternatives depending on the way to procure them, e.g., by purchasing, or research & development (R&D). Assuming that each alternative can be operated for 30 years, the total cost, which consists of acquiring cost, operation/maintenance cost, and R&D cost, is compared using net present value. Furthermore, we perform sensitivity analysis for maintenance rate, terrain cost and increase rate of R&D cost that involve uncertainty for the future. Cost analysis results show that THMD incurs the highest cost and SM-3 is the most economic alternative. However, sensitivity analysis shows that priority can be changed depending on uncertainty parameters. Although our results do not directly support decision-making on the best alternative due to its various uncertainties, these can provide a guideline on economic evaluation required for public policy decision-making process, especially under the situation that all the three alternatives cannot be acquired at the same time due to the limitation of defense budget.
KW - Ballistic Missile;Cost Analysis;Net Present Value;Sensitivity Analysis
DO - 10.37944/jams.v1i1.7
ER -
Park, Hyuk-Ki and Jinho Lee. (2018). Procurements (Purchase or R&D) for Ballistic Missile Defense Systems: Focusing on THAAD, SM-3, and L-SAM. Journal of Advances in Military Studies, 1(1), 1-17.
Park, Hyuk-Ki and Jinho Lee. 2018, "Procurements (Purchase or R&D) for Ballistic Missile Defense Systems: Focusing on THAAD, SM-3, and L-SAM", Journal of Advances in Military Studies, vol.1, no.1 pp.1-17. Available from: doi:10.37944/jams.v1i1.7
Park, Hyuk-Ki, Jinho Lee "Procurements (Purchase or R&D) for Ballistic Missile Defense Systems: Focusing on THAAD, SM-3, and L-SAM" Journal of Advances in Military Studies 1.1 pp.1-17 (2018) : 1.
Park, Hyuk-Ki, Jinho Lee. Procurements (Purchase or R&D) for Ballistic Missile Defense Systems: Focusing on THAAD, SM-3, and L-SAM. 2018; 1(1), 1-17. Available from: doi:10.37944/jams.v1i1.7
Park, Hyuk-Ki and Jinho Lee. "Procurements (Purchase or R&D) for Ballistic Missile Defense Systems: Focusing on THAAD, SM-3, and L-SAM" Journal of Advances in Military Studies 1, no.1 (2018) : 1-17.doi: 10.37944/jams.v1i1.7
Park, Hyuk-Ki; Jinho Lee. Procurements (Purchase or R&D) for Ballistic Missile Defense Systems: Focusing on THAAD, SM-3, and L-SAM. Journal of Advances in Military Studies, 1(1), 1-17. doi: 10.37944/jams.v1i1.7
Park, Hyuk-Ki; Jinho Lee. Procurements (Purchase or R&D) for Ballistic Missile Defense Systems: Focusing on THAAD, SM-3, and L-SAM. Journal of Advances in Military Studies. 2018; 1(1) 1-17. doi: 10.37944/jams.v1i1.7
Park, Hyuk-Ki, Jinho Lee. Procurements (Purchase or R&D) for Ballistic Missile Defense Systems: Focusing on THAAD, SM-3, and L-SAM. 2018; 1(1), 1-17. Available from: doi:10.37944/jams.v1i1.7
Park, Hyuk-Ki and Jinho Lee. "Procurements (Purchase or R&D) for Ballistic Missile Defense Systems: Focusing on THAAD, SM-3, and L-SAM" Journal of Advances in Military Studies 1, no.1 (2018) : 1-17.doi: 10.37944/jams.v1i1.7
