Accession Number : ADA184170
Title : A Comparison of the Basket Method and the Stratified Random Sampling for Contract Change Order Negotiations.
Descriptive Note : Master's thesis,
Corporate Author : NAVAL POSTGRADUATE SCHOOL MONTEREY CA
Personal Author(s) : Fisher,Scott W
PDF Url : ADA184170
Report Date : Jun 1987
Pagination or Media Count : 41
Abstract : This study compares two methods of statistical sampling for application in a contracting context. The methods are compared with the intent of demonstrating the superiority of one method over the other in assisting price analysts and contract negotiators in expediting processing of proposals for change orders while maintaining acceptable levels of risk. The Basket Method and Stratified Random Sampling techniques are examined to determine which method allows a more accurate estimate of a proposal population to be made. The several populations used in the simulation have errors planted to represent both random honest mistakes and weighted dishonest mistakes. The author concludes that the Basket Method has a more desirable accuracy pattern than the Stratified Random Sampling Technique.
Descriptors : *STATISTICAL SAMPLES, *CONTRACT PROPOSALS, ACCURACY, PATTERNS, RISK, ANALYSTS, COSTS, SAMPLING, STRATIFICATION, CONTRACT ADMINISTRATION, POPULATION, PROCESSING, SIMULATION, RANDOM VARIABLES, POPULATION(MATHEMATICS), THESES
Subject Categories : Statistics and Probability
Administration and Management
Distribution Statement : APPROVED FOR PUBLIC RELEASE