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Investigating the Desirability of Navy Aircraft Service Life Extension Programs

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  • Edward G. Keating
  • Irv Blickstein
  • Michael Boito
  • Jess Chandler
  • Deborah Peetz

Abstract

Building on prior work on optimal replacement of aging aircraft, this paper presents three methodologies to evaluate prospective aviation Service Life Extension Programs (SLEPs) and applies these methodologies to US Navy F/A-18E/F data. While considerable uncertainty remains as to the values of key parameters (e.g. the cost of F/A-18E/F SLEPs), the preponderance of the evidence available at this juncture favors undertaking SLEPs on F/A-18E/Fs rather than replacing them with new Joint Strike Fighters.

Suggested Citation

  • Edward G. Keating & Irv Blickstein & Michael Boito & Jess Chandler & Deborah Peetz, 2014. "Investigating the Desirability of Navy Aircraft Service Life Extension Programs," Defence and Peace Economics, Taylor & Francis Journals, vol. 25(3), pages 271-280, June.
    • Handle: RePEc:taf:defpea:v:25:y:2014:i:3:p:271-280
    DOI: 10.1080/10242694.2013.821234
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    References listed on IDEAS

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    1. Yatsenko, Yuri & Hritonenko, Natali, 2008. "Technological breakthroughs and asset replacement," LIDAM Discussion Papers CORE 2008074, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
    2. Victoria Greenfield & David Persselin, 2003. "How old is too old? An economic approach to replacing military aircraft," Defence and Peace Economics, Taylor & Francis Journals, vol. 14(5), pages 357-368.
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