A Discussion of Uncertainty in Cost Analysis (A Lecture for the AFSC Analysis Course)
ResearchPublished 1962
ResearchPublished 1962
One of a series of studies to assist with the preparation and teaching of a course in cost analysis concepts and techniques at the Air Force Institute of Technology. This Memorandum discusses the problem of uncertainty in cost analysis of future military systems and forces. Two major sources of uncertainty are outlined: requirements uncertainty and cost-estimating uncertainty. Several proposals for dealing with the problem are also presented.
This publication is part of the RAND research memorandum series. The research memorandum series, a product of RAND from 1948 to 1973, included working papers meant to report current results of RAND research to appropriate audiences.
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 www.rand.org/pubs/permissions.
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.