Getting 'Real' Data for Life-Cycle Costing,

Abstract

The process of identifying, collecting and using historical data for estimating the life-cycle costs of a weapon system is discussed. The focus is on data-related problems which currently constrain the accuracy and reliability of life-cycle cost estimates. Particular attention is given to the costs of ownership. A case example is provided to illustrate the estimation of life-cycle costs using macro cost data for an operational weapon system. Some of the uncertainties inherent in the data collection and analysis processes are also discussed. Specific recommendations include implementing operationally consistent life-cycle cost estimation procedures, improving weapon system cost visibility in cost data systems, establishing and maintaining a nomenclature directory, implementing better cost allocation rules, anticipation of life-cycle cost decision data requirements, and constructing and maintaining a special data base for life-cycle cost analysis and methodology development.

Document Details

Document Type
Technical Report
Publication Date
Jan 01, 1975
Accession Number
ADA010960

Entities

People

  • Marco R. Fiorello

Organizations

  • RAND Corporation

Tags

Communities of Interest

  • Weapons Technologies

DTIC Thesaurus Topics

  • Accuracy
  • Cost Analysis
  • Cost Estimates
  • Costs
  • Cycles
  • Databases
  • Life Cycle Costs
  • Life Cycles
  • Reliability
  • Weapon Systems
  • Weapons

Readers

  • Life Cycle Cost Analysis
  • Systems Analysis and Design