A Review of Cost Estimation in New Technologies
Implications for Energy Process Plants
Reviews literature on cost-estimation errors in weapons acquisition by the Department of Defense and in large public works and construction projects, and analyzes cost-estimation practices in the chemical and process industries. The report inquires into the causes of large estimation errors found in energy process plants, e.g., coal gasification and liquefaction, oil shale, and tar sands. Principal factors in estimation errors common to all types of systems examined include the degree of system definition when the estimates were made, scope and system changes, and the level of technological innovation embodied in the system. The results of this review have formed part of the basis for an empirical investigation of cost-estimation errors and performance problems in new process plants for the Department of Energy.
Download eBook for Free
|PDF file||4.5 MB||
Use Adobe Acrobat Reader version 7.0 or higher for the best experience.
- Copyright: RAND Corporation
- Availability: Available
- Print Format: Paperback
- Paperback Pages: 117
- List Price: $35.00
- Paperback Price: $28.00
- Paperback ISBN/EAN: 0-8330-0144-2
- Document Number: R-2481-DOE
- Year: 1979
- Series: Reports
This report is part of the RAND Corporation report series. The report was a product of the RAND Corporation from 1948 to 1993 that represented the principal publication documenting and transmitting RAND's major research findings and final research.
Permission is given to duplicate this electronic document for personal use only, as long as it is unaltered and complete. Copies may not be duplicated for commercial purposes. Unauthorized posting of RAND PDFs to a non-RAND Web site is prohibited. RAND PDFs are protected under copyright law. For information on reprint and linking permissions, please visit the RAND Permissions page.
The RAND Corporation is a nonprofit institution that helps improve policy and decisionmaking through research and analysis. RAND's publications do not necessarily reflect the opinions of its research clients and sponsors.