Aircraft Airframe Cost Estimation Using a Random Coefficients Model
Abstract
Previous studies into aircraft airframe acquisition costs have either not dealt with the learning phenomenon or have assumed that the learning curve slope is the same for all types of aircraft. However, some results have indicated that this is not truly the case. The random coefficients model, as applied in this study, provides a framework in which the slopes can differ by estimating their values based on other characteristics of the aircraft. This method thus has the advantage over other techniques of being able to predict the actual learning curve slope more accurately before any production takes place, and thus yield more reliable cost estimates. For that reason, it represents a significant advance in the state of the art of parametric airframe cost estimation.
Document Details
- Document Type
- Technical Report
- Publication Date
- Dec 01, 1979
- Accession Number
- ADA078298
Entities
People
- James H. Hinch
Organizations
- Air Force Institute of Technology