Abstract
A major uncertainty in military development, and no doubt in nonmilitary development as well, has to do with the production cost of the developed item. Sometimes the actual costs of major military hardware articles (aircraft, missiles, and so on) have been five or ten times the estimated amounts. Early estimates, made near the beginning of a development program, have been particularly unreliable.
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© 1967 The Rand Corporation
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Summers, R. (1967). Cost Estimates as Predictors of Actual Costs: A Statistical Study of Military Developments. In: Strategy for R&D: Studies in the Microeconomics of Development. Ökonometrie und Unternehmensforschung / Econometrics and Operations Research, vol 8. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-642-46095-1_4
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DOI: https://doi.org/10.1007/978-3-642-46095-1_4
Publisher Name: Springer, Berlin, Heidelberg
Print ISBN: 978-3-642-46097-5
Online ISBN: 978-3-642-46095-1
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