Total Ownership Cost Models for Valuing System Flexibility
Lane, Jo Ann
MetadataShow full item record
A significant challenge in systems engineering and acquisition is to justify investments in system flexibility as opposed to buying more features or copies of a less-flexible systems. The Total Ownership Cost (TOC) has the advantages of having clear cause-effect relationships that are easy to understand and reason about. We present two TOC models for valuing flexibility that have been calibrated to project data. One is for a single system; the other is for a family of systems. We also illustrate the use of TOC in acquisition decision situations, and discuss areas for further research in extending the models.
Showing items related by title, author, creator and subject.
McMasters, Alan W. (Monterey, California. Naval Postgraduate School, 1986-05); NPS55-86-011Two inventory models were proposed in an earlier report to replace the current models for determining the initial range and depth of wholesale level inventories of secondary items managed by the Navy's Ships Parts Control ...
Cannon, Christopher J. (Monterey, California. Naval Postgraduate School, 2007-09);Weapon systems and programs are becoming increasingly more dependent on software as a critical technology for the success of the programs. Along with this dependence on performance, the costs associated with software are ...
Goerger, Simon R.; McGinnis, Michael L.; Darken, Rudolph P. (Monterey, California: Naval Postgraduate School., 2005-01);The Department of Defense (DoD) relies heavily on mathematical models and computer simulations to analyze and acquire new weapon systems. Models and simulations help decision makers understand the differences between systems ...