A Dynamic Model for Airframe Cost Estimation.
Abstract
The Department of Defense has historically favored a relatively simple parametric approach to cost estimation. Economic theory has largely been ignored and the learning curve has become the customary analytical tool for relating produciton quantities to airframe costs. This thesis examines an effort to synthesize neoclassical economic theory with the traditional learning curve methodology. The proposed model implements a dynamic cost function that considers the effects of learning and production rate on the production process. To empirically test its validity, the model is applied to the F-4 Phantom II production program and parameters are estimated using historical production data. Keywords: F-4B aircraft. (Author)
Document Details
- Document Type
- Technical Report
- Publication Date
- Mar 01, 1986
- Accession Number
- ADA168842
Entities
People
- Ronald L. Brown
Organizations
- Naval Postgraduate School