2013
DOI: 10.1080/10242694.2012.723158
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The Cost-Effectiveness of Armored Tactical Wheeled Vehicles for Overseas Us Army Operations

Abstract: This study uses for official use only data on US military operations to evaluate the large-scale Army policies to replace relatively light Type 1 tactical wheeled vehicles (TWVs) with more heavily protected Type 2 variants and later to replace Type 2s with more heavily protected Type 3s. We find that Type 2 TWVs reduced fatalities at $1.1 million-$24.6 million per life saved for infantry units, with our preferred cost estimates falling below the $7.5 million cost-effectiveness threshold, and did not reduce fat… Show more

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Cited by 13 publications
(3 citation statements)
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“…Economists have found the values for VSL estimates in the $6 million–$14 million ($2019) range (Aldy and Viscusi 2007, 2008; Kniesner, Viscusi, Woock, and Ziliak 2012; Kniesner, Leeth, and Sullivan 2015; Leeth and Ruser 2003; Rohlfs, Sullivan, and Kniesner 2015; Viscusi 1993, 2004; Viscusi and Aldi 2003). Although there has been some work using VSL estimates in military settings, there is currently no standard VSL estimate in place within the Department of Defense to use on personnel matters (Greenstone, Ryan, and Yankovich 2017; Kniesner, Leeth, and Sullivan 2015; Rohlfs and Sullivan 2013; Rohlfs, Sullivan, and Kniesner 2016; Rohlfs, Sullivan, Treistman, and Deng 2015; Viscusi 2019).…”
Section: Implications For Military Pay Policymentioning
confidence: 99%
“…Economists have found the values for VSL estimates in the $6 million–$14 million ($2019) range (Aldy and Viscusi 2007, 2008; Kniesner, Viscusi, Woock, and Ziliak 2012; Kniesner, Leeth, and Sullivan 2015; Leeth and Ruser 2003; Rohlfs, Sullivan, and Kniesner 2015; Viscusi 1993, 2004; Viscusi and Aldi 2003). Although there has been some work using VSL estimates in military settings, there is currently no standard VSL estimate in place within the Department of Defense to use on personnel matters (Greenstone, Ryan, and Yankovich 2017; Kniesner, Leeth, and Sullivan 2015; Rohlfs and Sullivan 2013; Rohlfs, Sullivan, and Kniesner 2016; Rohlfs, Sullivan, Treistman, and Deng 2015; Viscusi 2019).…”
Section: Implications For Military Pay Policymentioning
confidence: 99%
“…Economists have found the values for VSL estimates in the $4 million-$10 million range Viscusi 2007, 2008;Kniesner, Viscusi, Woock, and Ziliak 2012;Kniesner, Leeth, and Sullivan 2015;Leeth and Ruser 2003;Rohlfs, Sullivan, and Kniesner 2015;Viscusi and Aldi 2003;andViscusi 1993, 2004). Although there has been some work using VSL estimates in military settings, there is currently no standard VSL estimate in place within the Department of Defense to use on personnel matters (Greenstone, Ryan, and Yankovich 2017;Kniesner, Leeth, and Sullivan 2015;Rohlfs and Sullivan 2013;Rohlfs, Sullivan, Treistman, and Deng 2015;Rohlfs, Sullivan, and Kniesner 2016). VSLs vary by the risk preferences of the group considered.…”
Section: Value Of a Statistical Lifementioning
confidence: 99%
“…Therefore, the choice of proper material took several factors into account including the manufacturing technology (e.g., heat treatment, welding, etc.) and last but not least, the profitability (i.e., the price) has to be taken into consideration [21].…”
Section: Introductionmentioning
confidence: 99%