Development of Parametric Cost Models for Weapon Systems,
Abstract
Parametric cost models are not a recent development. If Cheops thought aboust cost at all when building the Great Pyramid he would have used expressions of the type Y = aX where X equals some parameter such as blocks of granite or number of slaves. Most estimating over the centuries and even today is in terms of cost per pound, cost per foot, cost per barrel or some other simple unit of measurement, all of which are simple parametric cost models. They were not recognized as such, and it seems to me it was not until the early 1960's that the term parametric cost model became part of the vocabulary of the defense community. Since then Rand and a number of other organizations have been diligently cultivating this field, and parametric cost models have grown in complexity and rigor to the point where they qualify for a session at an international meeting such as this one. The limited time makes it necessary to limit the scope of this presentation, so my remarks will be limited pretty much to aircraft cost models.
Document Details
- Document Type
- Technical Report
- Publication Date
- Apr 01, 1981
- Accession Number
- ADA105179
Entities
People
- J. P. Large
Organizations
- RAND Corporation