A Simple Statistical Method of Presenting the Uncertainty Associated with Life Cycle Cost Estimates.
Study project rept.,
DEFENSE SYSTEMS MANAGEMENT SCHOOL FORT BELVOIR VA
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DoD and the Services have shown a growing awareness of the importance of considering the uncertainty associated with LCCEs during the decision-making process. This report develops a simple technique that may be used by system acquisition managers to display this uncertainty as a band or range of possible costs with a most-likely cost also specified. Author
- Economics and Cost Analysis
- Statistics and Probability
- Logistics, Military Facilities and Supplies