Assessing the Implications of Policy Options for the Military Personnel Budget An Analytic Framework for Evaluating Costs and Trade-Offs
Assessing the Implications of Policy Options for the Military Personnel Budget: An Analytic Framework for Evaluating Costs and Trade-Offs by Matthew Walsh is published by RAND Corporation in 2023. This 72-page book presents an analytic framework designed to evaluate the costs and trade-offs associated with military personnel spending, which has seen significant growth since 2000. The framework aims to assist the U.S. Department of the Air Force in exploring options to maximize affordability while balancing modernization efforts.
Readers will find a detailed examination of military personnel budget trends, including the implications of rising costs that have outpaced overall economic growth. The book emphasizes the importance of considering nonmonetary trade-offs and risks when evaluating different budgetary solutions. By providing a structured approach to analyzing these factors, this edition serves as a resource for those interested in military finance, human resources, and policy-making within the context of the military and government sectors.
Official synopsis Publisher
Since 2000, spending on military personnel (MILPERS) has grown at an average annual rate of 3.3 percent to approximately $36 billion in 2021. This outpaced growth in prices in the overall economy, which averaged 1.9 percent per year for the same period. To ensure a ready workforce without undercutting modernization efforts, the U.S. Department of the Air Force (DAF) must explore options to maximize MILPERS affordability. At the same time, it must consider the nonmonetary trade-offs and risks that these options entail. A new analytic framework allows users to view savings, trade-offs, and risks of different solution options alongside one another.
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