An Information Value Metric for Cost Data Structures,
OFFICE OF THE SECRETARY OF DEFENSE WASHINGTON DC DIRECTOR PROGRAM ANALYSIS AND EVALUATION
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Efforts in OSDPAE to obtain more detailed total-program-cost estimates for a major weapon system Program A motivated the development of a way to calculate the amount of detail in a cost reports. The resulting measure, called the Equivalent Equal-Value Cateogyr EEVC measure, is derived from a basic formula of the statistical theory of communication. The EEVC measure is applied to cost estimates of Program A and of analogous programs, and to pertinent cost reporting outlines. Limitations of the EEVC measure are discussed, its current implementation is described, and areas for its further development are indicated.
- Administration and Management
- Economics and Cost Analysis
- Logistics, Military Facilities and Supplies