An Appraisal of Cost-Effectiveness Models Used in the Air Force and Navy Aircraft Engine Component Improvement Programs
Abstract
This thesis examines the cost-effectiveness models used by the Air Force and Navy to assist with the decision-making process of their Component Improvement Programs (CIP). The focus on the elements of the two models and the reasonableness of each model's results. A sensitivity analysis was performed on significant input parameters to determine what effect errors in these parameters would have on the predicted return-on-investment (ROI) results. The author concluded that, although the models provide insight into life cycle costs (LCC) of aircraft engines, they are extremely sensitive to errors in certain input variables and should not be relied upon for CIP budget justification.
Document Details
- Document Type
- Technical Report
- Publication Date
- Dec 01, 1991
- Accession Number
- ADA245910
Entities
People
- James D. Davis
Organizations
- Naval Postgraduate School