O-091 The NIMIC Cost Benefit Analysis Model: CBAM 2.0
As a response to the recommendations from the NIMIC Cost and Benefits Analysis workshop (Sweden, June 2001), NIMIC has developed the Cost Benefit Analysis Model (CBAM) and started its distribution at the end of 2003.
The primary goal of CBAM is to aid in the assessment of the costs and benefits of introducing IM into service. However, it is now evident that there are some additional potential usages of CBAM version 2.0 which include:
- Life Cycle Cost calculation of military weapon systems (and life cycle cost comparison between different technologies)
- Threat Hazard Assessment
- Risk Analysis
This paper presents the methodology applied in CBAM 2.0, the different screens and the data to be collected prior to the start of a risk-based cost benefit analysis for the introduction of less sensitive munitions into service. Potential uses of CBAM outside the IM community (e.g., the munitions safety community) are also discussed.
This paper was presented at the Thirty-First United States Department of Defense Explosives Safety Seminar held on 24-26 August 2004 in San Antonio, TX, USA