Long-term military competition, past, present, and future: remarks before the USAFA-RAND Conference on National Security Economics
Purchase Print Copy
|Add to Cart||Paperback9 pages||$20.00||$16.00 20% Web Discount|
Like a firm facing competition, the Department of Defense (DOD) must decide how to produce a given output at minimum cost, the quantity of what output to be produced, and what outputs should be produced. To do the latter DOD must periodically assess the long-term military competition (LTMC). Early research on LTMC was largely descriptive, followed by a wealth of material on organizational process models. Currently, there are two schools of thought on the dynamics of the competition: the business policy approach and the neotraditional economics approach. The business policy approach tries to apply business planning to the LTMC. The neotraditional economics approach draws upon microeconomics, particularly game theory, which can provide insights not otherwise attainable. Future research may combine the best of these approaches which could lead DOD to identify more useful kinds of intelligence products and define more appropriate long-term strategies.
This report is part of the RAND Corporation Paper series. The paper was a product of the RAND Corporation from 1948 to 2003 that captured speeches, memorials, and derivative research, usually prepared on authors' own time and meant to be the scholarly or scientific contribution of individual authors to their professional fields. Papers were less formal than reports and did not require rigorous peer review.
This document and trademark(s) contained herein are protected by law. This representation of RAND intellectual property is provided for noncommercial use only. Unauthorized posting of this publication online is prohibited; linking directly to this product page is encouraged. Permission is required from RAND to reproduce, or reuse in another form, any of its research documents for commercial purposes. For information on reprint and reuse permissions, please visit www.rand.org/pubs/permissions.
The RAND Corporation is a nonprofit institution that helps improve policy and decisionmaking through research and analysis. RAND's publications do not necessarily reflect the opinions of its research clients and sponsors.