Concept costing for defence projects: the problem and its solution

P. G. Pugh *

Defence and Peace Economics, 2004, vol. 15, issue 1, 39-57

Abstract: It is intrinsic to the nature of military competition that the unit acquisition costs of defence systems rise generation by generation. Traditional "bottom-up" methods of cost-estimating cannot meet the increasing demands for extensive studies of many options before commencing design and, while "top-down" estimating techniques are an improvement, in particular by reducing the time required for preparing estimates, they also are inadequate to meet current requirements. A new method has been devised, therefore, further developing "top-down" methods using Bayesian techniques to make best use of the available information, whether certain or uncertain, and its accuracy established by example.

Date: 2004
References: View complete reference list from CitEc
Citations:

Downloads: (external link)
http://hdl.handle.net/10.1080/1024269042000164487 (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:taf:defpea:v:15:y:2004:i:1:p:39-57

Ordering information: This journal article can be ordered from
http://www.tandfonline.com/pricing/journal/GDPE20

DOI: 10.1080/1024269042000164487

Access Statistics for this article

Defence and Peace Economics is currently edited by Professor Keith Hartley

More articles in Defence and Peace Economics from Taylor & Francis Journals
Bibliographic data for series maintained by Chris Longhurst ().