Accession Number:

AD0712457

Title:

A METHODOLOGY FOR COST FACTOR COMPARISON AND PREDICTION

Descriptive Note:

Corporate Author:

RAND CORP SANTA MONICA CA

Personal Author(s):

Report Date:

1970-08-01

Pagination or Media Count:

81.0

Abstract:

An improved technique is reported for analyzing the cost experience of weapon system procurements. Unlike earlier analyses, this one accounts for performance requirements, program duration, degree of technological advance, level of effort, earliness of estimates, and subsequent program changes, as well as the more usual ratio of estimated to actual costs cost factors. Fifteen weapons for which enough information was available were analyzed and the results were compared with 1950s aircraft and missile experience. Based on an assessment of the technological advance and length of time for development of a future system, the actual cost and range of uncertainty can be predicted using this mode.

Subject Categories:

  • Economics and Cost Analysis

Distribution Statement:

APPROVED FOR PUBLIC RELEASE