Development of Best Unit Price Data,
Abstract
Early in the provisioning process, an estimated price for a secondary item is provided which is often significantly less than that quoted at the time of item procurement. This inaccurate estimate often results in either (1) a cut back in the desired buy quantity, (2) the short changing of other programs, or (3) the administrative problem of reprogramming funds to cover requirements. Thus, it is important to investigate procedures which will improve the initial price estimate. A technique has been successfully applied to determine a representative replacement factor for families of items. The purpose of this study was to determine the feasibility of developing a best unit price for families of items. The principle cited and a number of alternatives were applied. It is concluded that the proposed method for developing best unit prices is inadequate and infeasible.
Document Details
- Document Type
- Technical Report
- Publication Date
- Jun 04, 1975
- Accession Number
- ADA010821
Entities
People
- J. L. Engelman