Life-Cycle Costing. A Selected Bibiliography,
Abstract
Life-Cycle Costing is a Department of Defense management concept that is applied in estimating costs during the acquistion of complete defense systems. The concept of Life-Cycle Costing has been around for several years. A great many of these years has been spent on bringing together policy, procurement, record keeping, financial control, and reliability cost estimates. The Air Force has made the greatest use of this concept but usually on small contracts. Only recently has Life-Cycle Costing become a prime consideration for all of the Armed Services. The main problem, particularily in estimating costs of undefined weapon systems, was the lack of a data base. The few attempts made in collecting data became so cumbersome that the sheer volume was uncontrollable. Several hundred Life-Cycle Cost models have been introduced but the cost estimates remained unrealistic. To overcome this problem, the Department of Defense has started a data base collection and storage system on the operating and support costs of some of the major weapon systems. This data base should help estimators in establishing trade-offs and projecting more realistic cost goals.
Document Details
- Document Type
- Technical Report
- Publication Date
- Oct 01, 1976
- Accession Number
- ADA030554
Entities
People
- Lucille Mcclure
Organizations
- Martin Marietta