Application of Risk Analysis in the Acquisition of Major Weapon Systems

Abstract

An implementation of a statistical approach to cost risk analysis is developed in this paper. A general discussion of risk analysis is presented to familiarize the price analysis with the concepts involved and then forms are presented which allow for the implementation of risk analysis. Appropriate definitions are given along with a step-by-step procedure. The results of the risk analysis are related to the effect of incentive contracts and several examples are presented. (Author)

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Document Details

Document Type
Technical Report
Publication Date
Aug 01, 1980
Accession Number
ADA098347

Entities

People

  • George H. Worm

Tags

Communities of Interest

  • Space
  • Weapons Technologies

DTIC Thesaurus Topics

  • Acquisition
  • Computer Programs
  • Computers
  • Contracts
  • Cost Analysis
  • Cost Estimates
  • Cost Models
  • Discrete Distribution
  • Engineering
  • Incentive Contracts
  • Motivation
  • Probability
  • Random Variables
  • Risk
  • Risk Analysis
  • Simulations
  • Statistical Analysis

Readers

  • Computer Science.
  • Defense Acquisition Program Management
  • Theoretical Analysis.