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A discussion of project cost estimating for military planning, emphasizing the general philosophy of the military planner and the concepts and methods of the cost estimator. The cost sensitivity analysis of an antisubmarine-launched ballistic missile system, presented as an example, points up the fact that cost estimating can be an intellectually stimulating activity worthy of the best analytical skills available and that it can provide answers to important questions even when uncertainty is great and quantification is difficult. 33 pp.

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