By assigning costs to fleet increases in each model parameter, investigate the o

Question

By assigning costs to fleet increases in each model parameter, investigate the optimum way to equip a fleet to fight a known enemy under the Hughes or Armstrong models. For example, you might set a budget of $10 million with the following:

Increasing offensive power costs by $2,000,000 per unit Increasing defensive power costs by $1,000,000 per unit Increasing staying power costs by $500,000 per unit.

How should a fleet’s parameters be improved within the budget to best fight an enemy with known parameter values?

Explanation / Answer

when the costs are increasing, then firms should go with alternatives which help them to increase their revenues, which help them to stands in the market. otherwise, those kind of firms may fail to fulfill their obligations in order to meet the requirements of all stakeholders.

in given example it is noticed that the power and fleet costs are increased and should be eliminated by taking proper steps.

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