A comparison of the basket method and stratified random sampling for contract change order negotiations
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Authors
Fisher, Scott W.
Subjects
Basket method
Change order expediting
Statistical sampling
Sole source procurement
Stratified random sampling
Change order expediting
Statistical sampling
Sole source procurement
Stratified random sampling
Advisors
Liao, S.
Date of Issue
1987-06
Date
June 1987
Publisher
Language
en_US
Abstract
This study compares two methods of statistical sampling for application in a contracting context. The methods are compared with the intent of demonstrating the superiority of our method over the other in assisting price analysis and contract negotiators in expediting processing of proposals for change orders while maintaining acceptable levels of risk. The Basket Method and Stratified Random Sampling techniques are examined to determine with method slows a more accurate estimate of a proposal population to be made. The several populations used in the simulation have errors planted to represent both random "honest" mistakes and weighted "dishonest" mistakes. The author concludes that the Basket Method has a more desirable accuracy pattern than the Stratified Random Sampling Technique.
Type
Thesis
Description
Series/Report No
Department
Administrative Science
Organization
Naval Postgraduate School (U.S.)
Identifiers
NPS Report Number
Sponsors
Funder
Format
40 p.
Citation
Distribution Statement
Approved for public release; distribution is unlimited.
Rights
This publication is a work of the U.S. Government as defined in Title 17, United States Code, Section 101. Copyright protection is not available for this work in the United States.