A Comparison of the Basket Method and the Stratified Random Sampling for Contract Change Order Negotiations.

Abstract

This study compares two methods of statistical sampling for application in a contracting context. The methods are compared with the intent of demonstrating the superiority of one method over the other in assisting price analysts and contract negotiators in expediting processing of proposals for change orders while maintaining acceptable levels of risk. The Basket Method and Stratified Random Sampling techniques are examined to determine which method allows a more accurate estimate of a proposal population to be made. The several populations used in the simulation have errors planted to represent both random honest mistakes and weighted dishonest mistakes. The author concludes that the Basket Method has a more desirable accuracy pattern than the Stratified Random Sampling Technique.

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Document Details

Document Type
Technical Report
Publication Date
Jun 01, 1987
Accession Number
ADA184170

Entities

People

  • Scott W. Fisher

Organizations

  • Naval Postgraduate School

Tags

Communities of Interest

  • Air Platforms
  • C4I
  • Ground and Sea Platforms

DTIC Thesaurus Topics

  • Accuracy
  • Boundaries
  • Contracts
  • Data Science
  • Errors
  • Information Science
  • Negotiations
  • Precision
  • Reliability
  • Sampling
  • Schools
  • Simulations
  • Standards
  • Statistical Samples
  • Statistical Sampling
  • Stratification
  • United States

Fields of Study

  • Mathematics

Readers

  • Government Contracting/Procurement.
  • Regression Analysis.
  • Strategic Security Studies