An Interactive Life Cycle Cost Forecasting Tool

Abstract

This thesis is about computing life cycle cost and culminates with a life cycle cost forecasting tool (software). The software is written in FORTRAN 77 and uses IMSL subroutine extensively for random number generation from various distributions. The algorithm can compute life cycle cost for the following types of cost elements: constant, stochastic, and cost estimating relationships (CERs). The use of a trapezoid approximation of payment allocation is allowed. Percent allocation of payments is also allowed and is recommended where the trapezoid fails to correctly represent the payment schedule. The CER algorithm handles cost data that was estimated in base 10, in natural logarithm, or in logarithm.

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Document Details

Document Type
Technical Report
Publication Date
Dec 01, 1992
Accession Number
ADA259016

Entities

People

  • Nicolas M. Habash

Organizations

  • Air Force Institute of Technology

Tags

Communities of Interest

  • Air Platforms
  • Human Systems
  • Weapons Technologies

DTIC Thesaurus Topics

  • Acquisition
  • Air Force
  • Aircrafts
  • Business Administration
  • Computer Programming
  • Computer Programs
  • Computers
  • Cost Estimates
  • Department Of Defense
  • Engineering
  • Estimators
  • Government Procurement
  • Monte Carlo Method
  • Probability Distributions
  • Random Variables
  • Students
  • Systems Engineering

Readers

  • Logistics and Supply Chain Management.
  • Operations Research
  • Personnel Management and Statistics in the Military and Department of Defense