Cost-Benefit Analysis of Discretionary Wars

Autor:	Diane Hu, Andrew Cooper, Neel Desai, Sophie Guo, Steven Shi, David Banks
Jazyk:	angličtina
Rok vydání:	2019
Předmět:	cost-benefit analysis risk analysis value of a statistical life Political institutions and public administration (General) JF20-2112 Probabilities. Mathematical statistics QA273-280
Zdroj:	Statistics and Public Policy, Vol 6, Iss 1, Pp 98-106 (2019)
Druh dokumentu:	article
ISSN:	2330-443X 2330443X
DOI:	10.1080/2330443X.2019.1688740
Popis:	Policy-makers should perform a cost-benefit analysis before initiating a war. This article describes a methodology for such assessment, and applies it post hoc to five military actions undertaken by the United States between 1950 and 2000 (the Korean War, the Vietnam War, the invasion of Grenada, the invasion of Panama, and the First Gulf War). The analysis identifies three broad categories of value: human capital, economic outcomes, and national influence. Different stakeholders (politicians, generals, industry, etc.) may assign different weights to these three categories, so this analysis tabulates each separately, and then, as may sometimes be necessary, monetizes them for unified comparison.
Databáze:	Directory of Open Access Journals
Externí odkaz:	https://doaj.org/article/c5c79ea4c8b94c48b01f75e3c4b888f8 Zobrazit plný text záznamu View record in DOAJ Plný text ve formátu PDF Plný text ve formátu HTML
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