Accession Number : ADA119617

Title :   Applied Risk Analysis with Dependence Among Cost Components.

Descriptive Note : Final rept.,

Corporate Author : CLEMSON UNIV SC DEPT OF INDUSTRIAL MANAGEMENT

Personal Author(s) : Worm,George H

PDF Url : ADA119617

Report Date : Nov 1981

Pagination or Media Count : 48

Abstract : The assessment of uncertainties in component costs, a method of combining these uncertainties for determining the total cost uncertainty, and a method of presentation for risk analysis results are discussed in this report. An extension of the method of statistical risk analysis which uses the Weibul distribution and the method of moments is developed for incorporating covariance between component costs. (Author)

Descriptors :   *Risk, *Costs, *Contract administration, Statistical analysis, Mathematical models, Probability

Subject Categories : Administration and Management
      Statistics and Probability

Distribution Statement : APPROVED FOR PUBLIC RELEASE