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Characterizing the accuracy of dod operating and support cost estimates

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Bibliographic Details
Title: Characterizing the accuracy of dod operating and support cost estimates
Authors: David R. Jacques, Jonathan D. Ritschel, Christine M. Schubert, Erin T. Ryan
Source: Journal of Public Procurement. 13:103-132
Publisher Information: Emerald, 2013.
Publication Year: 2013
Subject Terms: 0502 economics and business, 05 social sciences, 0101 mathematics, 01 natural sciences
Description: For decades, the Department of Defense (DoD) has employed numerous reporting and monitoring tools for characterizing the acquisition cost estimates of its programs. These tools have led to dozens of studies thoroughly documenting the magnitude and extent of DoD acquisition cost growth. However, little attention has been paid to the behavior of the other main cost component of a system's life cycle cost: Operating and Support (O&S) costs. Consequently, the DoD has little knowledge regarding the accuracy of O&S cost estimates or how that accuracy changes over time. In a previous paper, the authors described an analytical methodology for remedying this deficiency via a study to characterize the historical accuracy of O&S cost estimates. The results are presented here, and indicate there tend to be large errors in DoD O&S cost estimates, and that the accuracy of the estimates improves little over time
Document Type: Article
Language: English
ISSN: 1535-0118
DOI: 10.1108/jopp-13-01-2013-b004
Access URL: https://www.emerald.com/insight/content/doi/10.1108/JOPP-13-01-2013-B004/full/pdf?title=characterizing-the-accuracy-of-dod-operating-and-support-cost-estimates
Rights: Emerald Insight Site Policies
Accession Number: edsair.doi.dedup.....82351c1be333626bd6f33c2d27be3e77
Database: OpenAIRE
Description
Abstract:For decades, the Department of Defense (DoD) has employed numerous reporting and monitoring tools for characterizing the acquisition cost estimates of its programs. These tools have led to dozens of studies thoroughly documenting the magnitude and extent of DoD acquisition cost growth. However, little attention has been paid to the behavior of the other main cost component of a system's life cycle cost: Operating and Support (O&S) costs. Consequently, the DoD has little knowledge regarding the accuracy of O&S cost estimates or how that accuracy changes over time. In a previous paper, the authors described an analytical methodology for remedying this deficiency via a study to characterize the historical accuracy of O&S cost estimates. The results are presented here, and indicate there tend to be large errors in DoD O&S cost estimates, and that the accuracy of the estimates improves little over time
ISSN:15350118
DOI:10.1108/jopp-13-01-2013-b004