WSEAS Transactions on Business and Economics
Print ISSN: 1109-9526, E-ISSN: 2224-2899
Volume 19, 2022
Weapons’ Life Cycle Cost: Efficient Tool in Decision Making Process
Authors: , , ,
Abstract: Optimal cost management in terms of logistics systems and the utilization of the science of "Logistics", as it has been shaped with modern technology, lead the exported cost elements to the most important factor in decision making. One of the tools that contribute to the decision-making process is the cost of life cycle of weapon systems. This tool can be extremely useful as it contains information, such as codified materials, and spare parts according to NATO Codification System, which assists and facilitates the work of the logisticians in supporting army’s weapon systems. Furthermore, the degree of dependence of a material or a spare part (which make up a weapon system) by its OEM (Original Equipment Manufacturer) and the significant role of it, could consist of an extra key in changing all the life cycle support of the weapon system and the decisions related to it.
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Pages: 1036-1045
DOI: 10.37394/23207.2022.19.91