Download Free Electronic Document

FormatFile SizeNotes
PDF file 0.6 MB

Use Adobe Acrobat Reader version 10 or higher for the best experience.


Purchase Print Copy

 FormatList Price Price
Add to Cart Paperback11 pages $20.00 $16.00 20% Web Discount

Discusses the process of identifying, collecting and utilizing historical data for estimating the life-cycle costs (LCC) of a weapon system, emphasizing data-related limitations on accuracy and reliability. Particular attention is given to the costs of ownership. A case example illustrates LCC estimation using macro cost data for an operational weapon system. Some uncertainties inherent in the data collection and analysis processes are also discussed. Currently, approximation of aircraft weapon system LCC is possible, but the process is not straightforward. Major difficulties include using multiple data system products, different data nomenclatures, and insufficient data quality and quantity. Specific recommendations include implementing operationally consistent LCC estimation procedures, improving weapon system cost visibility in cost data systems, establishing and maintaining a nomenclature directory, implementing better cost allocation rules, anticipation of LCC decision data requirements, and constructing and maintaining a special database for LCC cost analysis and methodology development. (Presented at IEEE 1974 EASCON Conference.)

This report is part of the RAND Corporation paper series. The paper was a product of the RAND Corporation from 1948 to 2003 that captured speeches, memorials, and derivative research, usually prepared on authors' own time and meant to be the scholarly or scientific contribution of individual authors to their professional fields. Papers were less formal than reports and did not require rigorous peer review.

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.