Technical Uncertainty, Expected Contract Payoff, and Engineering Decisionmaking in a System Development Project

Abstract

The document proposes a technique for analyzing the effects of alternative engineering decision-making policies and alternative forms of military system development contracts. Each development project is characterized by goals set by a multiple-incentive contract; alternative component designs; possible engineering actions; and states of knowledge concerning the relationship between the characteristics of components, subsystems, and the total system; and the values of component, subsystem, and system characteristics. The procedure is a dynamic technical risk assessment.

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Document Details

Document Type
Technical Report
Publication Date
Aug 01, 1970
Accession Number
AD0714162

Entities

People

  • F. S. Timson

Organizations

  • RAND Corporation

Tags

Communities of Interest

  • Air Platforms
  • Human Systems
  • Space

DTIC Thesaurus Topics

  • Aircraft Industry
  • Aircrafts
  • Airframes
  • Business Administration
  • Computational Science
  • Computer Programs
  • Computer Simulations
  • Computers
  • Contracts
  • Engineering
  • Incentive Contracts
  • Information Processing
  • Information Science
  • Monte Carlo Method
  • Patrol Aircraft
  • Risk Analysis
  • Turbines

Readers

  • Life Cycle Cost Analysis