Comparative Analysis of Leasing Versus Buying General Purpose Vehicles in the Korean Air Force
Kim, Jung Jin
Synopsis "Comparative Analysis of Leasing Versus Buying General Purpose Vehicles in the Korean Air Force"
In an era of decreasing defense budgets in Korea, the Korean Air Force Transportation Department has suffered from an insufficient vehicles procurement budget, resulting in fewer vehicles of increasing age, as well as decreasing military morale. For these reasons, the Korean Air Force Transportation Department needs a breakthrough to retain the transportation ability to support the field of operation in an effective and economic way. However, the Korea Air Force Transportation Department has only one method for procuring general-purpose vehicles, which is purchasing. Thus, the comparative analysis of leasing versus buying vehicle study started from the recognition of this situation in which ROKAF needs an efficient and effective vehicle procurement method. The purpose of this research is not to emphasize the leasing method, but to provide better ideas to make decisions to procure Air Force general-purpose vehicles economically, and effectively. Another consideration in this research is to develop a method for evaluating the cost-benefit of leasing versus buying vehicles, which has been used in buying versus leasing decision. This research analyzed two variables, logistics benefits and costs, and compared these variables for leasing and buying options to discover which one provides the most logistical benefits for the life cycle cost. The results of the analysis concluded that buying offers more benefits at significant cost savings.This work has been selected by scholars as being culturally important, and is part of the knowledge base of civilization as we know it. This work was reproduced from the original artifact, and remains as true to the original work as possible. Therefore, you will see the original copyright references, library stamps (as most of these works have been housed in our most important libraries around the world), and other notations in the work.This work is in the public domain in the United States of America, and possibly other nations. Within the United States, you may freely copy and distribute this work, as no entity (individual or corporate) has a copyright on the body of the work.As a reproduction of a historical artifact, this work may contain missing or blurred pages, poor pictures, errant marks, etc. Scholars believe, and we concur, that this work is important enough to be preserved, reproduced, and made generally available to the public. We appreciate your support of the preservation process, and thank you for being an important part of keeping this knowledge alive and relevant.
