Date of Award
3-2001
Document Type
Thesis
Degree Name
Master of Science
Department
Department of Operational Sciences
First Advisor
Mark A. Gallagher, PhD
Abstract
Previous research on completed defense R&D shows that contract expenditures can be fit well with a Rayleigh model. With fixed outlay rates, as prescribed by the OSD comptroller, the budget profile must have most of the funds in the early years to produce Rayleigh-distributed expenditures. R&D programs with more delayed funding profiles may also produce expenditures that a Rayleigh model fits through schedule slips and cost overruns. This research tests how well the initial funding profile produces Rayleigh-distributed expenditures that can be related to the program's final cost overrun and schedule slips. Based only on the initial budget profile, we explain 53.3% of cost overruns and 51.1% of percent schedule slip in 37 completed programs.
AFIT Designator
AFIT-GAQ-ENS-01M-03
DTIC Accession Number
ADA390987
Recommended Citation
Unger, Eric J., "Relating Initial Budget to Program Growth with Rayleigh and Weibull Models" (2001). Theses and Dissertations. 4713.
https://scholar.afit.edu/etd/4713
Included in
Finance and Financial Management Commons, Other Operations Research, Systems Engineering and Industrial Engineering Commons