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The economics of defense or defense economics is a subfield of economics, an application of the economic theory to the issues of military defense. [1] It is a relatively new field. An early specialized work in the field is the RAND Corporation report The Economics of Defense in the Nuclear Age by Charles J. Hitch and Roland McKean ( [2] 1960 ...
EP&I provided investment management leadership for DoD Enterprise-level business systems. It coordinates the efforts of DoD's acquisition policy as outlined in the DoD 5000 series pertaining to business systems. The Directorate also provides input for the Quadrennial Defense Review. EP&I is responsible for the Business Enterprise Architecture ...
Since 1998, the world of Modeling and Simulation has expanded. With the rise of new technology including augmented reality, mixed reality, virtual worlds, SCORM (Sharable Content Object Reference Model), and agent based simulation, it has become apparent that as the industry of Modeling and Simulation continues to change and grow, so should its language.
Military supply-chain management is a cross-functional approach to procuring, producing and delivering products and services for military materiel applications. Military supply chain management includes sub-suppliers, suppliers, internal information and funds flow .
The field of management science (MS) is known as using operations research models in business. [34] Stafford Beer characterized this in 1967. [ 35 ] Like operational research itself, management science is an interdisciplinary branch of applied mathematics devoted to optimal decision planning, with strong links with economics, business ...
The Institute for Defense Analyses (IDA) is an American non-profit corporation that administers three federally funded research and development centers (FFRDCs) – the Systems and Analyses Center (SAC), the Science and Technology Policy Institute (STPI), and the Center for Communications and Computing (C&C) – to assist the United States government in addressing national security issues ...
Systems modeling or system modeling is the interdisciplinary study of the use of models to conceptualize and construct systems in business and IT development. [ 2 ] A common type of systems modeling is function modeling , with specific techniques such as the Functional Flow Block Diagram and IDEF0 .
Economic conversion, defence conversion, or arms conversion, is a technical, economic and political process for moving from military to civilian markets. Economic conversion takes place on several levels and can be applied to different organizations.