This timely and wide-ranging study covers both the economic and the political aspects of defense spending-first by providing a theoretical framework and then by explaining, in a political economy context, the results of decisions to allocate scarce resources to defense. In doing so, the authors provide a comprehensive picture of the interaction between defense spending and the economic and political structure of the United States, complementing their exploration of topical concerns such as SDI with analysis of long-term trends and issues of timeless importance in the defense debate. Because of the politicizing of defense planning and procurement, there have been few significant applications of optimization techniques to high-level defense issues over the past decade. As a result, there has been a rapid decline in the importance of those techniques-historically the focus of books on defense economics. Like its predecessors, this book presents optimization techniques applicable to a wide variety of defense problems, but it also illustrates what happens in actual practice and why defense decisions are often not economically efficient. The authors discuss alternatives for cases when political constraints make efficient solutions unlikely and explore changes in the defense establishment and political structures that would make economically efficient resource allocations a reality.

First published in 1997, this volume observes that of all the materials, systems and facilities that designed and operated nuclear weapons, the most readily available assets for reuse are often identified as the highly enriched uranium (HEU) and plutonium from warheads. However, proliferation concerns the reuse of much of this material unlikely. This book explores the economic issues surrounding the major expenditures facing the US as it attempts to dispose of weapon-grade nuclear materials in a proliferation-resistant manner. The book discusses the economic values of plutonium and HEU, the economic nature of the nuclear industry, reprocessing and operations costs, the economics of 'burning' plutonium to generate electrical power, the economics of down-blending and 'burning' HEU, military conversion as a rationale for selecting plutonium disposition options, the economics of transmutation, and the economics of other proposals ranging from monitored surface storage to vitrification. The book concludes by identifying the major cost drivers affecting all disposition options.

First published in 1997, this volume observes that of all the materials, systems and facilities that designed and operated nuclear weapons, the most readily available assets for reuse are often identified as the highly enriched uranium (HEU) and plutonium from warheads. However, proliferation concerns the reuse of much of this material unlikely. This book explores the economic issues surrounding the major expenditures facing the US as it attempts to dispose of weapon-grade nuclear materials in a proliferation-resistant manner. The book discusses the economic values of plutonium and HEU, the economic nature of the nuclear industry, reprocessing and operations costs, the economics of 'burning' plutonium to generate electrical power, the economics of down-blending and 'burning' HEU, military conversion as a rationale for selecting plutonium disposition options, the economics of transmutation, and the economics of other proposals ranging from monitored surface storage to vitrification. The book concludes by identifying the major cost drivers affecting all disposition options.