Engineering and Design Cost/Rate Forecasting System. Volume 1. Model Development and Data Analysis

Abstract

This report discusses the development of statistically based models for forecasting engineering and design (E/D) costs in order to establish military construction cost targets for Corps of Engineers Districts and Divisions. The model developed is programmed on the TEKTRONIX 4051 graphics system in the Office of the Chief of Engineers (OCE). When the model was verified, only one of 18 predictions was outside the prediction limits (95% confidence). The model is best used to project E/D costs 1 year in advance, and it is recommended that it be used to help establish cost targets for applicable Corps Divisions/Districts.

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Document Details

Document Type
Technical Report
Publication Date
Sep 01, 1978
Accession Number
ADA061127

Entities

People

  • Robert D. Neathammer

Organizations

  • Construction Engineering Research Laboratory

Tags

Communities of Interest

  • C4I
  • Cyber

DTIC Thesaurus Topics

  • Coefficients
  • Computer Programs
  • Computers
  • Construction
  • Contracts
  • Data Analysis
  • Data Processing
  • Delphi Method
  • Engineering
  • Engineers
  • New York
  • Oceans
  • Pacific Ocean
  • Regression Analysis
  • Savannahs
  • Verification
  • Visual Inspection

Readers

  • Facility/Structural Engineering.
  • Logistics and Supply Chain Management.
  • Regression Analysis.