Theses and Dissertations
Issuing Body
Mississippi State University
Advisor
Greenwood, Allen G.
Committee Member
Bullington, Stanley F.
Committee Member
Smyer, William N.
Date of Degree
5-11-2002
Document Type
Graduate Thesis - Open Access
Major
Industrial Engineering
Degree Name
Master of Science
College
College of Engineering
Department
Department of Industrial Engineering
Abstract
In order to identify ways to improve cost estimation, especially early in design, cost estimation needs to be viewed and represented as a process. An important activity within the cost estimation process is assessing the cost risk of a system. A decision-support tool that assesses cost risk should represent the impact of subsystem or system-level uncertainty and provide mechanisms to help select among competing designs. In order to address these problems, a generic cost estimation process was developed. It is based on an extensive review of the cost estimation literature. Also, a hierarchicial product structure, model-based approach and tool to estimate system-level cost risk was developed. This tool provides a link between cost models and cost elements for each component, mechanisms for determining the impact of risk on the cost of the design, and outputs used for selecting among alternative competing designs.
URI
https://hdl.handle.net/11668/18321
Recommended Citation
Ormon, Stephen Wayne, "Development of a Hierarchical, Model-Based Design Decision-Support Tool for Assessing Uncertainty of Cost Estimates" (2002). Theses and Dissertations. 1410.
https://scholarsjunction.msstate.edu/td/1410