Applied Risk Analysis with Dependence Among Cost Components.

Abstract

The assessment of uncertainties in component costs, a method of combining these uncertainties for determining the total cost uncertainty, and a method of presentation for risk analysis results are discussed in this report. An extension of the method of statistical risk analysis which uses the Weibul distribution and the method of moments is developed for incorporating covariance between component costs. (Author)

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Document Details

Document Type
Technical Report
Publication Date
Nov 01, 1981
Accession Number
ADA119617

Entities

People

  • George H. Worm

Organizations

  • Clemson University

Tags

Communities of Interest

  • C4I

DTIC Thesaurus Topics

  • Business Administration
  • Commerce
  • Computer Programs
  • Computers
  • Contractors
  • Contracts
  • Covariance
  • Data Science
  • Engineering
  • Incentive Contracts
  • Information Science
  • Materials
  • Negotiations
  • Probability
  • Probability Distributions
  • Random Variables
  • Risk Analysis

Readers

  • Life Cycle Cost Analysis
  • Statistical inference.