An Appraisal of Models Used in Life Cycle Cost Estimation for USAF Aircraft Systems.

Abstract

Although life cycle analysis is widely used as a management tool, considerable uncertainty still exists about its effectiveness with respect to economic tradeoffs, funding decisions, and resource allocations. This report evaluates some of the most widely used life cycle cost (LCC) models: AFR 173-10 models (BACE AND CACE); the Logistics Support Cost Model; the Logistics Composite model; the MOD-METRIC model; AFM 26-3 Manpower Standards; Air Force Logistics Command Depot Maintenance Cost Equations; the DAPCA model; and the PRICE model. The models are rated within a framework incorporating a set of life cycle cost elements and a set of cost driving factors. Color-coded illustrations summarize the results. The models are shown to have many shortcomings that limit their usefulness for life cycle analyses in which estimates of absolute, incremental cost are required. Specific areas are identified where driving factor/cost element combinations are not adequately addressed. (Author)

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Document Details

Document Type
Technical Report
Publication Date
Oct 01, 1978
Accession Number
ADA064333

Entities

People

  • Brent D. Bradley
  • H. Garrison Massey
  • Kenneth E. Marks

Organizations

  • RAND Corporation

Tags

Communities of Interest

  • Air Platforms
  • Biomedical
  • Human Systems
  • Weapons Technologies

DTIC Thesaurus Topics

  • Air Force
  • Air Force Facilities
  • Aircraft Equipment
  • Aircrafts
  • Airframes
  • Business Administration
  • Failure Mode And Effect Analysis
  • Flight Training
  • Logistics
  • Maintenance
  • Maintenance Personnel
  • Management Personnel
  • Military Personnel
  • Organizational Structure
  • Personnel Management
  • Transport Aircraft
  • Warfare

Fields of Study

  • Engineering

Readers

  • Computational Modeling and Simulation
  • Life Cycle Cost Analysis
  • Logistics and Supply Chain Management.