[Price-based Acquisition: Issues and Challenges for Defense Department Procurement of Weapon Systems] (By: Mark A. Lorell) [published: July, 2005]

Mark A. Lorell explores the complexities surrounding price-based acquisition (PBA) within the context of the Department of Defense's procurement processes. This examination reveals both the potential benefits and the inherent challenges that accompany implementing PBA strategies in acquiring weapon systems.

Through a detailed analysis, Lorell highlights the critical issues of pricing strategies, competition, and the impact on the quality of defense procurement. The book delves into various case studies and real-life implications of PBA, providing readers with insights into how these methods affect efficiency and cost-effectiveness in the defense sector.

By addressing the intricacies of PBA, Lorell invites readers to reflect on the balance between cost and capability, a topic of paramount importance in today’s defense landscape. His work serves as a pivotal resource for policymakers, defense industry professionals, and academics interested in understanding how procurement reforms can shape the future of military readiness.