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Life Cycle Cost Estimation for Jangbogo-II Submarines based on Modeling and Simulation Methodologies  

Ahn, Jae-Kyoung (Department of Industrial and Systems Eng., Seoul Nat'l Univ. of Tech)
Choi, Bong-Wan (Naval Forces Analysis and Test/Evaluation Group)
Lee, Yong-Kyu (Seoul Techno-Park, Management Planning Team)
Publication Information
IE interfaces / v.23, no.3, 2010 , pp. 221-228 More about this Journal
Abstract
With the development of science and technology, modern submarines are equipped with high technology devices and multi-functioned precise armaments, consequently, acquisition cost as well as maintenance cost of the submarines are getting higher and higher. However, tight defense budget forces navy to significantly reduce military operating and maintenance costs. In this study, the maintenance and operating costs of submarine Jangbogo-II are estimated through M&S (Modeling and simulation) methodologies in order to reasonably and consistently work out the requirement verification system of Jangbogo-II. The maintenance and operating costs of Jangbogo-II along the next 25 years are estimated as 312.65 billion won via engineering analysis methods while 312.69 billion won from PRICE Model, which shows only 0.04 billion won differences as a whole. This study is expected to be able to provide meaningful decision making data for not only short and/or mid term operating planning but military budgeting.
Keywords
life cycle cost; modeling and simulation; jangbogo-II; PRICE model;
Citations & Related Records
Times Cited By KSCI : 1  (Citation Analysis)
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