This report discusses inflation indices, their derivation, interpretation and their importance in program evaluation and management. The characteristics of different types of inflation indices are presented. Various indices developed by this office are reviewed along with indices provided by the US Army Materiel Development and Readiness Command (DARCOM), Office of the Secretary of Defense (OSD) and by certain nondefense agencies. The indices are compared and then conclusions derived which assess their relative effectiveness in reflecting actual price movements in Army Aviation Research and Development. After theoretical discussion, a new index is proposed that incorporates input-output analysis. Suggestions for further research are presented.
Review of Historical Inflation Indices Applicable to Army Aviation
1983
44 pages
Report
No indication
English