A COMPUTERIZED TECHNIQUE TO EXPRESS UNCERTAINTY IN ADVANCED SYSTEM COST ESTIMATES

Abstract

The technique described presents a method to express uncertainty quantitatively in advanced system cost estimates. In particular, the technique suggests the employment of subjective probability distributions, which describe the uncertainty in each system element, to determine an approximate distribution for total system cost. A 7090 program was written to perform the computational operations.

Open PDF

Document Details

Document Type
Technical Report
Publication Date
Nov 01, 1965
Accession Number
AD0624894

Entities

People

  • S. Sobel

Organizations

  • MITRE Corporation

Tags

Communities of Interest

  • C4I
  • Human Systems
  • Materials and Manufacturing Processes

DTIC Thesaurus Topics

  • Abstracts
  • Business Administration
  • Commerce
  • Computer Programs
  • Computers
  • Contractors
  • Contracts
  • Cost Estimates
  • Costs
  • Data Science
  • Distribution Functions
  • Information Science
  • Normal Distribution
  • Probability Distributions
  • Random Variables
  • Reliability
  • Statistics

Readers

  • Computational Modeling and Simulation