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Financial Engineering, E-commerce and Supply Chain pp 101–118Cite as

Searching for the Optimal Defence Expenditure

An Answer in the Context of the Greek-Turkish Arms Race

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Part of the book series: Applied Optimization ((APOP,volume 70))

Abstract

This paper aims at evaluating the extent to which the defence expenditure of Greece and Cyprus given their arms race against Turkey in the context of the Integrated Defence Doctrine policy constitutes a burden feasible to bear. The evaluation takes place using an Optimal Control solution constrained by a model emphasising on Greek and Cypriot defence expenditure. Various experiments and scenarios have been tested leading to the general conclusion that the defence expenditure in both allied countries seems to be driving their economies beyond capacity limits. This, however, by no means justifies the one sided disarmament policy currently followed by Greece, since the long-term armament programmes pursued by Turkey, the role of which in this arms race has been proven as leading, leave very small room to the Greek and Cypriot sides to reduce their defence expenditures.

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Author information

Authors and Affiliations

  1. Department of Computer Science, University of Cyprus, 75 Kallipoleos str., P.O.Box 20537, CY1678, Nicosia, Cyprus

    A. S. Andreou

  2. Department of Mathematics, University of Patras Artificial Intelligence Research Center (UPAIRC), GR-261. 10, Patras, Greece

    K. E. Parsopoulos & M. N. Vrahatis

  3. Research Department, Bank of Greece, 21 Panepistimiou str., Athens, 10250, Greece

    G. A. Zombanakis

Authors
  1. A. S. Andreou
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  2. K. E. Parsopoulos
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  3. M. N. Vrahatis
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  4. G. A. Zombanakis
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Editor information

Editors and Affiliations

  1. University of Florida, Gainesville, Florida, USA

    Panos M. Pardalos

  2. Deal-Fx, Athens, Greece

    Vassilis K. Tsitsiringos

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© 2002 Springer Science+Business Media Dordrecht

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Andreou, A.S., Parsopoulos, K.E., Vrahatis, M.N., Zombanakis, G.A. (2002). Searching for the Optimal Defence Expenditure. In: Pardalos, P.M., Tsitsiringos, V.K. (eds) Financial Engineering, E-commerce and Supply Chain. Applied Optimization, vol 70. Springer, Boston, MA. https://doi.org/10.1007/978-1-4757-5226-7_7

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  • DOI: https://doi.org/10.1007/978-1-4757-5226-7_7

  • Publisher Name: Springer, Boston, MA

  • Print ISBN: 978-1-4419-5222-6

  • Online ISBN: 978-1-4757-5226-7

  • eBook Packages: Springer Book Archive

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