Cover: Getting Real Data for Life-Cycle Costing

Getting Real Data for Life-Cycle Costing

Published 1975

by Marco R. Fiorello


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

 Format Price
Add to Cart Paperback11 pages $20.00

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 paper series. The paper was a product of RAND 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.

This document and trademark(s) contained herein are protected by law. This representation of RAND intellectual property is provided for noncommercial use only. Unauthorized posting of this publication online is prohibited; linking directly to this product page is encouraged. Permission is required from RAND to reproduce, or reuse in another form, any of its research documents for commercial purposes. For information on reprint and reuse permissions, please visit

RAND 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.