Accession Number : AD0768148

Title :   Incentive Contracting Based on Reliability and Consumer Indifference,

Corporate Author : ARMY MATERIEL COMMAND TEXARKANA TEX INTERN TRAINING CENTER

Personal Author(s) : Butler,Bryan W. ; Foster,Joseph W.

Report Date : JUL 1971

Pagination or Media Count : 78

Abstract : The paper presents two different incentive contracting plans which use the concept of life-cycle-costing and systems worth. One plan is based on the assumption of an exponential failure rate and uses this as a basis for determining systems worth. The other plan assumes no underlying failure rate distribution and uses nonparametric testing procedures for determining product reliability. Both plans use the concept of consumer indifference by adjusting the purchase price according to the product reliability as determined by field test. (Author)

Descriptors :   (*CONTRACTS, MANAGEMENT ENGINEERING), RELIABILITY, MAINTAINABILITY, COSTS, STATISTICAL ANALYSIS, COMPUTER PROGRAMS

Subject Categories : Administration and Management

Distribution Statement : APPROVED FOR PUBLIC RELEASE