Cost estimation of Naval ship acquisition

Abstract

The acquisition of major weapon systems is an extremely complex process involving interrelationships between a number of organizations. This thesis presents a general procedure and develops parametric cost estimate for Naval ship acquisition cost. Two difference models are developed, one a 9-sub-system model, the other a single total cost model. The models were developed using the linear least squares regression technique with MINITAB statistical program on a data base of Destroyer type ship built in 1954-1966. A comparison of these two estimates with the existing RMC model's estimate was examined for Patrol Frigate construction data. The 9-subsystem estimate could be compared favorably with the RMC model cost estimate.