Accession Number:

AD0787395

Title:

Bias in Initial Cost Estimates: How Low Estimates Can Increase the Cost of Acquiring Weapon Systems,

Descriptive Note:

Corporate Author:

RAND CORP SANTA MONICA CALIF

Personal Author(s):

Report Date:

1974-07-01

Pagination or Media Count:

29.0

Abstract:

A small sample of weapon systems was investigated to determine whether a definite cause-and-effect relationship could be established between low initial cost estimates and subsequent cost increases. This report describes the result of that investigation and offers a few observations on how DoD might adapt defense procurement procedures to deal with problems arising from low estimates. The observations are intended to be suggestive, not definitive.

Subject Categories:

  • Logistics, Military Facilities and Supplies

Distribution Statement:

APPROVED FOR PUBLIC RELEASE