Oditor, No. 10/2015

FINANCIAL MODELING OF EXPENSES OF ARRANGEMENTS AND MILITARY EQUIPMENT
PhD Marko Andrejić[36], mr Marko Stanojević[37]

UDC: 330.322.54:623.4(497.11)
657.471.1:623.4(497.11)

Abstract

In terms of restrictive budget financing of Defence efficient and effective use of funds more than ever becomes an essential question the functioning of the Ministry of Defense and the Army of Serbia (MoD and SAF). Any investment in the acquisition of armaments and military equipment (AME) due to the financial significance does not allow mistakes in the decisions. Quality assessment of the cost of funds through lifecycle is a complex multidisciplinary and multicriteria problem whose resolution requires the engagement of a team of professionals of different profiles. In our previous operational practices in solving these problems has not been sufficiently teamwork mentioned experts and were left behind and optimal results based on synergy. This paper analyzes the investment process of equipping armament in the MoD and SAF in terms of treatment costs in the process, pointed out its shortcomings and suggested more comprehensive – integral approach to this problem.

Key words: investment, equipment, weapons and military equipment, costs.

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[36]Marko Andrejić, Ph.D. Full professor, University of Defense, Military Academy, Generala Pavla Jurišića Šturma no. 33, Belgrade, Serbia.
[37]Marko Stanojević M.A., Belgrade Business School, Higher education institution for applied studies, Kraljice Marije no. 73, Belgrade, Serbia.