Military Operations Research I: Cost Analysis. 3 credits

Catalog description

While drawing on other disciplines (managerial accounting, econometrics, systems analysis), cost analysis uses operations research to assist decision makers in choosing preferred future courses of action by evaluating selected alternatives on the basis of their costs, benefits, and risks. Cost analysis is distinctly different from cost estimating in that projecting future courses of action almost always requires mathematical modeling. Topics include analysis overview, economic analysis, estimating relationships (factors, simple and complex models), acquiring and verifying cost data, cost progress curves, life-cycle costing, scheduling estimating, effectiveness and risk estimation, relationship of effectiveness models and measures to cost analysis. Offered by Systems Engr & Operations Rsch . May not be repeated for credit.