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In economics and business decision-making, a sunk cost (also known as retrospective cost) is a cost that has already been incurred and cannot be recovered. [ 1 ] [ 2 ] Sunk costs are contrasted with prospective costs , which are future costs that may be avoided if action is taken. [ 3 ]
The decommissioned Tacoma-class patrol frigate was sunk as a target. C-165 Vietnam People's Navy: Vietnam War: Tet Offensive: The blockade-running naval trawler was sunk off South Vietnam when her cargo exploded when the high endurance cutter USCGC Winona (United States Coast Guard) hit her with gunfire. [23] C-235 Vietnam People's Navy
With the closing of the port at Sihanoukville to Communist shipping in August 1969, attempted North Vietnamese trawler traffic into South Vietnam resumed. [Note 1] [22] Of 15 trawlers detected by Market Time assets from August 1969 to late 1970, one was sunk, 13 were turned back and only one got through. [21]
On 24 June 1967 a Vietcong (VC) mortar attack on Camp Rainier disabled 29 UH-1 helicopters of the 188th Assault Helicopter Company. [4] On 4 July 1968 the base was subjected to a heavy People's Army of Vietnam (PAVN) rocket and mortar attack followed by probes on the base perimeter resulting in 5 U.S. and 16 PAVN killed.
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[4] Two helicopters were lost, and Enhance suffered fire damage during the operation. The overall cost of the operation, including repairs to Enhance, was $20,394,000 more than the cost expected for normal operations of the units involved. The six ocean minesweepers that had conducted actual minesweeping operations spent 439 hours involved in ...
After Card was sunk, North Vietnam made use of the incident for propaganda purposes. On 20 October 1964, the North Vietnamese government issued a postage stamp which proclaimed an "Aircraft Carrier of America sunk in the Harbor of Saigon", to praise the Viet Cong commandos who carried out the attack. [11]
The sunk cost dilemma with its sequence of good decisions should not be confused with the sunk cost fallacy, where a misconception of sunk costs can lead to bad decisions. [1] Sunk-cost fallacy occurs when people make decisions about a current situation based on what they have previously invested in the situation.