A Simple Statistical Method of Presenting the Uncertainty Associated with Life Cycle Cost Estimates.

Abstract

DoD and the Services have shown a growing awareness of the importance of considering the uncertainty associated with LCCE's during the decision-making process. This report develops a simple technique that may be used by system acquisition managers to display this uncertainty as a band or range of possible costs with a most-likely cost also specified. (Author)

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Document Details

Document Type
Technical Report
Publication Date
May 01, 1973
Accession Number
ADA045259

Entities

People

  • Warfield M. Lewis Jr

Organizations

  • Defense Systems Management College

Tags

Communities of Interest

  • Human Systems

DTIC Thesaurus Topics

  • Acquisition
  • Bibliographies
  • Computations
  • Contracts
  • Cost Analysis
  • Cost Estimates
  • Cost Overruns
  • Defense Systems
  • Department Of Defense
  • Governments
  • Instructions
  • Management Personnel
  • Procurement
  • Production Engineering
  • Program Management
  • Random Variables
  • Systems Management

Readers

  • Life Cycle Cost Analysis
  • Team-Based Human-Centered Cognitive Task Decision Making and Information Performance.