Whole Life Costing for Capability

In recent years, there has been growing emphasis on the need to provide transparency in the costs of engineering programs, leading to growing emphasis on whole-life cost modeling techniques. This has arisen largely due to the increased interest in longer-timescale projects and programs, combined wit...

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Bibliographic Details
Published in:Journal of aircraft 2012-05, Vol.49 (3), p.712-723
Main Authors: Early, J. M, Price, M. A, Curran, R, Raghunathan, R
Format: Article
Language:English
Subjects:
Aerospace engineering
Aircraft
Applied sciences
Complexity
Computer science
control theory
systems
Computer systems and distributed systems. User interface
Cost engineering
Costs
Dealing
Emergence
Exact sciences and technology
Management
Marketing
Mathematical models
Mechanical engineering. Machine design
Performance evaluation
Software
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Summary:In recent years, there has been growing emphasis on the need to provide transparency in the costs of engineering programs, leading to growing emphasis on whole-life cost modeling techniques. This has arisen largely due to the increased interest in longer-timescale projects and programs, combined with the emergence of system-of-systems and network-enabled-capability concepts. This change in the implementation and management of large-scale projects has necessitated the development of alternative methods of evaluating performance. This work seeks to address the shortfalls in current costing methodologies when applied to these highly flexible environments, and to propose a conceptual model for dealing with the encountered complexities. The approach has a fundamental role and potential significance in the future of whole-life costing for network-enabled capability but can also offer a potential paradigm shift for costing in traditional engineering environments. [PUBLICATION ABSTRACT]
ISSN:0021-8669
1533-3868
DOI:10.2514/1.C000302