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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 ...
It is the application of economic theory and methodology in business management practice. Focus on business efficiency. Defined as "combining economic theory with business practice to facilitate management's decision-making and forward-looking planning." Includes the use of an economic mindset to analyze business situations.
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 ...
Defense Systems Management College (1997). Earned Value Management Textbook, Chapter 2. Defense Systems Management College, EVM Dept., 9820 Belvoir Road, Fort Belvoir, VA 22060-5565. Abba, Wayne (2000-04-01). "How Earned Value Got to Prime Time: A Short Look Back and a Glance Ahead" (PDF). PMI College of Performance Management (www.pmi-cpm.org).
Economy of force is one of the nine Principles of War, based upon Carl von Clausewitz's approach to warfare. It is the principle of employing all available combat power in the most effective way possible, in an attempt to allocate a minimum of essential combat power to any secondary efforts.
From 1992 to 1997 there was a total of US$55 billion worth of mergers in the defense industry, with major defense companies purchasing smaller competitors. [ 23 ] The U.S. domestic economy is now tied directly to the success of the MIC which has led to concerns of repression as Cold War-era attitudes are still prevalent among the American public.
Much of its business centered on creating large computer systems for various government entities. It created a large accounting system for New York City during the city's recovery from its fiscal crisis in the late 1970s, and won an award for the Defense Department's Standard Procurement System in 1997. [3]
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 .