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<p>This thesis develops and exercises the methodology to assist the decision-maker in evaluating the present day concept of air-launched torpedoes in the U.S. Navy from an economic standpoint.  It investigates the present recoverable torpedo doctrine with a view toward the most effective allocation of resources.  The paper examines characteristics of the present system and that of an alternative system of expendable practice weapons as well as a third alternative of mixed types of practice weapons.  Results of the analysis are presented as a total cost vs effectiveness and marginal cost vs effectiveness curves.  This provides the decision-maker with the comparisons he requires as a basis for selecting the most economically efficient of the alternatives for different levels of output or effectiveness.  Sensitivity tests are carried out to determine the effect of variations in major parameters and assumptions upon the study results.
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<br>Subjects:</div>
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Payne, Douglas Wilkinson</div>
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