DECISION MAKING UNDER UNCERTAINTY: OVERSHOOTING EFFECTIVENESS IN LARGE SCALE MILITARY SYSTEMS
Abstract
Theoretical discussion proposing that the minimum expected cost of developing a large scale military system under conditions of uncertainty is achieved by over-shooting effectiveness goals. Implications of the theory in regard to the timing of planning and acquisition are explored and the relationship between the theory and policy is discussed. (Author)
Document Details
- Document Type
- Technical Report
- Publication Date
- May 01, 1963
- Accession Number
- AD0409470
Entities
People
- Peter T. Fox
Organizations
- MITRE Corporation