Application of a Performance Cost Estimating Relationship to the Study of Technological Change in Navy Fighter Aircraft.
Abstract
The purpose of the study was to develop a performance cost estimating relationship which when used in conjunction with hedonic price index theory, measures technological change in the form of a quality change index. This index was applied to the analysis of price change in Navy fighter aircraft, procured over a period of 1951 to 1961, by adjusting an index of observed price changes to yield a true price index. The resulting analysis showed that if fighter aircraft are purchased for speed and payload, the introduction of new aircraft has enabled the Navy to buy more of these characteristics for any given budget. (Author)
Document Details
- Document Type
- Technical Report
- Publication Date
- Sep 01, 1973
- Accession Number
- AD0769435
Entities
People
- Robert George Morehead
Organizations
- Naval Postgraduate School