Acquisition Cost Estimating Using Simulation
TRAINING ANALYSIS AND EVALUATION GROUP (NAVY) ORLANDO FL
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Acquisition cost estimates developed as single point values are, at best, misleading and, at worst, impossible to achieve. Single point estimates do not sufficiently reflect the assumptions, judgment or apprehensions of the estimator. This program deals with a technique for incorporating uncertainty and risk into the acquisition cost estimating procedure such that the estimates are presented as a range of values, encompassing engineering, manufacturing and logistic support estimates. The cost estimating model, a pragmatic application of simulation and classical cost estimating procedures, has been programmed in BASIC and is generalizable and exportable. Software Description The program is written in the BASIC programming language for implementation on a WANG 2200 computer using the Basic 2, Release 2.1, operating system. 32K bytes of core storage are required to operate the model.
- Economics and Cost Analysis
- Computer Programming and Software