PLEASE HELP WITH THIS QUESTION

Cost-Benefit Analysis

Question 2. You are the minister of defense for a small Caribbean island. You are asked to secure some fighter jets for your air force. You want to secure planes that accomplish tasks A, B and C. You are going to tender this out to 4 defense companies. What do you do to evaluate the project? Do you use CBA analysis, if so how? If you do not use a CBA analysis what approach do you revert to? If you don't use CBA analysis what are the pros and cons of your new approach