Probability methods for cost uncertainty analysis : a systems engineering perspective /: a systems engineering perspective. (2015)

• Record Type: Book
• Further Information: Note: Paul R. Garvey, Stephen A. Book, Raymond P. Covert.
• Authors: Garvey, Paul R, 1956-; Book, Stephen A; Covert, Raymond P
• Contents: Theory and Foundations; Uncertainty and the Role of Probability in Cost Analysis ; Introduction and Historical Perspective; The Problem Space; Presenting Cost as a Probability Distribution; Benefits of Cost Uncertainty Analysis Concepts of Probability Theory ; Introduction; Sample Spaces and Events; Interpretations and Axioms of Probability; Conditional Probability; Bayes’ Rule Distributions and the Theory of Expectation ; Random Variables and Probability Distributions; Expectation of a Random Variable; Probability Inequalities Useful in Cost Analysis; Cost Analysis Perspective Special Distributions for Cost Uncertainty Analysis ; Trapezoidal Distribution; Beta Distribution; Normal Distribution; Lognormal Distribution; Specifying Continuous Probability Distributions Functions of Random Variables and Their Application to Cost Uncertainty Analysis; Introduction; Linear Combinations of Random Variables; Central Limit Theorem and a Cost Perspective; Transformations of Random Variables; Mellin Transform and Its Application to Cost Functions System Cost Uncertainty Analysis ; Work Breakdown Structures; Analytical Framework; Monte Carlo Simulation Modeling Cost and Schedule Uncertainties: An Application of Joint Probability Theory; Introduction; Joint Probability Models for Cost-Schedule; Summary Practical Considerations and Applications; Elements of Cost Uncertainty Analysis: A Review ; Introduction; Cost as Probability Distribution; Monte Carlo Simulation and Method of Moments Distribution; Summary Correlation: A Critical Consideration ; Introduction; Correlation Matters; Valuing Correlation; Summary Building Statistical Cost Estimating Models ; Introduction; Classical Statistical Regression; General Error Regression Method; Summary Mathematics of Cost Improvement Curves ; Introduction; Learning Curve Theories; Production Cost Models Built by Single-Step Regression; Summary Enhanced Scenario-Based Method ; Introduction; Nonstatistical eSBM; Statistical eSBM; Historical Data for eSBM; Summary Cost Uncertainty Analysis Practice Points ; Treating Cost as a Random Variable; Risk versus Uncertainty; Subjective Probability Assessments; Subjectivity in Systems Engineering and Analysis Problems; Correlation; Capturing Cost-Schedule Uncertainties; Distribution Function of a System’s Total Cost; Benefits of Cost Uncertainty Analysis; Establishing a Cost and Schedule Risk Baseline; Determining Cost Reserve; Conducting Risk Reduction Trade-Off Analyses; Documenting the Cost Uncertainty Analysis ; Management Perspectives Collected Works of Dr. Stephen A. Book ; Textbooks; Journal Publications; Conference Presentations and Proceedings Appendices Index Exercises and References appear at the end of each chapter.
• Edition: Second edition
• Publisher Details: Boca Raton : Chapman & Hall/CRC
• Publication Date: 2015
• Extent: 1 online resource, illustrations (black and white)
• Subjects: 658.1552; Systems engineering -- Costs; Probabilities
• Languages: English
• ISBNs: 9781482219760
• Related ISBNs: 9781482219753
• Notes: Note: Description based on CIP data; item not viewed.
• Access Rights: Legal Deposit; Only available on premises controlled by the deposit library and to one user at any one time; The Legal Deposit Libraries (Non-Print Works) Regulations (UK).
• Access Usage: Restricted: Printing from this resource is governed by The Legal Deposit Libraries (Non-Print Works) Regulations (UK) and UK copyright law currently in force.