A Cost-Benefit Analysis of the Landing Craft Air Cushion (LCAC) Selection System

reportActive / Technical Report | Accession Number: ADA531713 | Open PDF

Abstract:

The purpose of this report is to document a cost-benefit analysis of the LCAC Selection System for Craftmasters and Engineers. A cost-benefit analysis for this selection system had not been conducted before and it seemed worthwhile to see if there was a cost justification for the continued use of this system. The analysis in this paper indicates an annual net savings somewhere in the range of no savings to 350,000. The best guess is an annual net savings of about 160,000. About 70 of the distribution is centered on the range of 60,000 to 260,000 net savings per year. Because the bulk of the distribution covers an expected cost benefit to the LCAC training commands, we recommend the continued usage of the LCAC Selection System to pre-filter candidates for training as Craftmasters and Engineers. Monitoring of the data and updates to the cost structure should be carried out periodically to determine if these savings can be expected to continue into the future.

Author(s):
Blower, D. J.
Author Organization(s):
NAVAL AEROSPACE MEDICAL RESEARCH LAB PENSACOLA FL
Descriptive Note:
Special rept.
Supplementary Note:
DOI: 10.21236/ADA531713
Pagination:
0022

Security Markings

DOCUMENT & CONTEXTUAL SUMMARY

Distribution:
Approved For Public Release
Distribution Statement:
Approved For Public Release; Distribution Is Unlimited.

RECORD

Collection: TR
Identifying Numbers
Report Number(s):
NAMRL-SR-00-2
Contract/Grant Number(s):
MIPR-N0002400WR00683
Project Number(s):
WR00683
Monitor Series:
NAVSEA
 Subject Terms
Joint Capability Areas:
JCA_5_Command and Control; JCA_1_Force Support; JCA_5.3_Planning; JCA_1.2_Force Preparation; JCA_1.2.1_Training; JCA_5.4.5_Intuit; JCA_5.4_Decide; JCA_1.3_Human Capital Management; JCA_8_Building Partnerships; JCA_1.3.2_Personnel Management
Modernization Areas:
AI and Machine Learning
Communities of Interest:
Biomedical
Descriptor(s):
*COST BENEFIT ANALYSIS, BAYES THEOREM, PERSONNEL DEVELOPMENT, MILITARY TRAINING, SAVINGS
Field(s)/Group(s):
Personnel Management and Labor Relations, Statistics and Probability
Keyword(s):
*SELECTION SYSTEMS, PERSONNEL SELECTION, BAYESIAN STATISTICS, PREDICTIVE DISTRIBUTION, ATTRITION RATES
Report Date:
2000 Sep 15
Creation Date:
2010 Nov 17