Economic Analysis and New Starts of Federal Government Commercial or Industrial Activities.
Abstract
The Executive Branch of the United States Government has stated that the Government will rely upon the private enterprise system to provide the goods and services it needs except in specific instances where reliance upon private enterprise would not be in the national interest. One such instance occurs when procurement of goods or services would be more costly than government production of them through the operation of commercial or industrial activities. The authors demonstrate that proposals to procure goods and services or produce them by means of 'new starts' are alternate long-term capital budgeting proposals which should be evaluated on the basis of future costs and benefits, the time value of money, and quantitative analysis of risk.
Document Details
- Document Type
- Technical Report
- Publication Date
- Jan 01, 1975
- Accession Number
- ADA006359
Entities
People
- Paul E. Lang
- William M. Duke
Organizations
- Air Force Institute of Technology