What is the purpose of Air Force regulation AFI65-501 Economic Analysis?
The purpose of AFI65-501 is to provide guidance on conducting economic analyses to support decision-making in the United States Air Force.

Who is responsible for complying with AFI65-501?
All personnel involved in decision-making processes that require economic analysis within the Air Force are responsible for complying with AFI65-501.

What types of decisions require economic analysis in the Air Force?
Any decision that involves the allocation of scarce resources, investment budgeting, cost-benefit analysis, or financial evaluations requires economic analysis according to AFI65-501.

How should the benefit and cost analysis be conducted in accordance with AFI65-501?
The benefit and cost analysis should be conducted using an Integrated Defense Acquisition and Resource Management System to ensure consistency and accuracy.

What should be considered during the economic analysis process?
During the economic analysis process, factors such as mission effectiveness, cost, schedule, performance, and risk should be properly considered and evaluated.

Are there specific guidelines for conducting economic analyses for major acquisitions?
Yes, AFI65-501 provides specific guidelines and procedures for conducting economic analyses for major acquisitions, as outlined in the Defense Acquisition Guidebook.

Are there any exceptions to the requirement of conducting economic analysis?
AFI65-501 states that exceptions to the requirement for economic analysis need to be justified and approved by appropriate authority, following specific criteria outlined in the regulation.

Can alternative approaches be used instead of conducting a complete economic analysis?
Yes, AFI65-501 allows for the use of alternative approaches, such as parametric estimating or cost estimating relationship, when conducting economic analysis is not practical or cost-effective.

Are there any specific reporting requirements related to economic analysis?
Yes, AFI65-501 specifies the reporting requirements for economic analyses, including the content and format, which may vary depending on the type of decision and level of authority involved.