Accession Number : AD0883232
Title : Adding Cost Estimates that are not Symmetric About the Most Likely Value.
Descriptive Note : Client rept.,
Corporate Author : RESEARCH ANALYSIS CORP MCLEAN VA
Personal Author(s) : Sutherland, W.
Report Date : APR 1971
Pagination or Media Count : 56
Abstract : The paper shows a method for adding together three-value estimates of the cost or time for doing component parts of a task, in order to find the cost or time for the whole task. The estimates must be in the form of a most-likely value, and a high and low estimate each of which have a specified probability of occurrence. (Author)
Descriptors : *COST EFFECTIVENESS), (*MANAGEMENT PLANNING AND CONTROL, STATISTICAL DISTRIBUTIONS, PROBABILITY, MONTE CARLO METHOD, CURVE FITTING, MONEY, UNCERTAINTY.
Subject Categories : Administration and Management
Economics and Cost Analysis
Distribution Statement : APPROVED FOR PUBLIC RELEASE