Team 5: Risk Assessment for Readiness and Life Cycle Cost for Major Weapon Systems, Scythe, Proceedings of International Data Farming Workshop 23
Author
Kang, Keebom
Lawton, Craig
Nissinen, Niina
Helle, Sami
Moradi, Farshad
Date
2011-09Metadata
Show full item recordAbstract
In a typical simulation experiment, the analysts try to
estimate the means of various performance measures, e.g.,
waiting times, operational availability, or life cycle cost.
However the decision makers are usually more concerned
with the quantile estimators, or the risk (probability) of the
measurement falls below (or above) a certain threshold
point. For example, the aviation squadron commander is
more interested in estimating the risk that the operational
availability (Ao) falls below certain threshold value such as
the probability that less than 80% of the aircraft are missioncapable
than an average operational availability. In this
paper we present a methodology to identify significant
factors that are critical for risk assessment for readiness and
the life cycle cost.
Description
Kang, K., Lawton, C., Lalle, S., Nissinen, N., and Morad, F. (2011), Team 5: Risk Assessment for Readiness and Life Cycle Cost for Major Weapon Systems, Scythe, Proceedings of International Data Farming Workshop 23, pp. 17-20.
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