On Risk Management of Weapon Equipment Research and Manufacturing Investment Based on Incentive Mechanism
- DOI
- 10.2991/assehr.k.201023.042How to use a DOI?
- Keywords
- Weapons and equipment, Research and manufacturing, investment, risk analysis
- Abstract
The particularity of the military activities determines the high risk of the equipment research and manufacturing investment. The risk comes from two aspects: the research and manufacturing cycle of high-tech weapons and equipment is getting longer and longer and the investment, including the cost risk, the schedule risk, the technical risk and the Project risk, is getting higher and higher. The trend of the investment risk of modern armament research and manufacture indicates that the program demonstration stage which plays a decisive role in the acquisition of armament is the most risky. In the research and manufacture of the weapons and equipment, there is no technological progress without risk. Therefore, it is an effective way to control the risk of the research and manufacture of the weapons and equipment to design incentive mechanism based on the risk management. The ultimate purpose of managing this risk is to deal with it and make it under proper control and the specific ways include the risk aversion, control, taking and transfer. It is of great significance to reduce the risk of the equipment development investment, save the cost and improve the speed of equipment development.
- Copyright
- © 2020, the Authors. Published by Atlantis Press.
- Open Access
- This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).
Cite this article
TY - CONF AU - Huibin Yu PY - 2020 DA - 2020/11/06 TI - On Risk Management of Weapon Equipment Research and Manufacturing Investment Based on Incentive Mechanism BT - Proceedings of the 2020 5th International Conference on Modern Management and Education Technology (MMET 2020) PB - Atlantis Press SP - 209 EP - 214 SN - 2352-5398 UR - https://doi.org/10.2991/assehr.k.201023.042 DO - 10.2991/assehr.k.201023.042 ID - Yu2020 ER -