Application and refinement of the early lifecycle cost estimation model: A case study of the JLTV

Kyle Werner, Christopher Raymond, Sai Kumar, Alex Aukerman, Major Thomas Ryan, Ricardo Valerdi

Research output: Chapter in Book/Report/Conference proceedingConference contribution

Abstract

The United States Department of Defense (DoD) is continuously improving its fiscal stewardship. Engineered Resilient Systems (ERS) strives to provide the DoD with comprehensive analysis of systems throughout the acquisition process. In this pursuit of this financial efficiency, ERS has decided to build a cost complement through parametric modeling. While there already have been strides towards better cost estimation techniques, the Early Lifecycle Cost Estimation (ELCE) model represents a unique attempt to provide a cost estimate for an entire system lifecycle at a pre-milestone A (PMA) stage. This paper specifically demonstrates the ELCE model using cost data from the Joint Light Tactical Vehicle (JLTV), establishing the ability of the model to expand beyond initial calibration of the first proof of concept. Utilizing the uniquely engineered inputs for PM-A cost estimation, this research demonstrated the capability of the model to predict lifecycle cost for multiple systems. As a second proof of concept, the JLTV demonstrates the expandability of the ELCE model, which identifies a potential method for improvement in current PM-A cost estimation techniques.

Original languageEnglish (US)
Title of host publication12th Annual IEEE International Systems Conference, SysCon 2018 - Proceedings
PublisherInstitute of Electrical and Electronics Engineers Inc.
Pages1-7
Number of pages7
ISBN (Electronic)9781538636640
DOIs
StatePublished - May 30 2018
Event12th Annual IEEE International Systems Conference, SysCon 2018 - Vancouver, Canada
Duration: Apr 24 2018Apr 26 2018

Other

Other12th Annual IEEE International Systems Conference, SysCon 2018
CountryCanada
CityVancouver
Period4/24/184/26/18

Fingerprint

Cost Estimation
Life Cycle Cost
Refinement
Costs
Model
Parametric Modeling
Cost Model
Pursuit
Life Cycle
Demonstrate
Expand
Calibration
Complement
Entire
Predict
Estimate

Keywords

  • Acquisitions
  • COCOMO II
  • Cost Estimation Relationships
  • Costing
  • COSYSMO
  • Engineered Resilient Systems
  • Hardware Estimation
  • Lifecycle
  • Project Management
  • Project Management Estimation
  • Software Estimation
  • Systems Engineering Estimation

ASJC Scopus subject areas

  • Computer Networks and Communications
  • Hardware and Architecture
  • Human-Computer Interaction
  • Control and Systems Engineering
  • Control and Optimization

Cite this

Werner, K., Raymond, C., Kumar, S., Aukerman, A., Ryan, M. T., & Valerdi, R. (2018). Application and refinement of the early lifecycle cost estimation model: A case study of the JLTV. In 12th Annual IEEE International Systems Conference, SysCon 2018 - Proceedings (pp. 1-7). Institute of Electrical and Electronics Engineers Inc.. https://doi.org/10.1109/SYSCON.2018.8369578

Application and refinement of the early lifecycle cost estimation model : A case study of the JLTV. / Werner, Kyle; Raymond, Christopher; Kumar, Sai; Aukerman, Alex; Ryan, Major Thomas; Valerdi, Ricardo.

12th Annual IEEE International Systems Conference, SysCon 2018 - Proceedings. Institute of Electrical and Electronics Engineers Inc., 2018. p. 1-7.

Research output: Chapter in Book/Report/Conference proceedingConference contribution

Werner, K, Raymond, C, Kumar, S, Aukerman, A, Ryan, MT & Valerdi, R 2018, Application and refinement of the early lifecycle cost estimation model: A case study of the JLTV. in 12th Annual IEEE International Systems Conference, SysCon 2018 - Proceedings. Institute of Electrical and Electronics Engineers Inc., pp. 1-7, 12th Annual IEEE International Systems Conference, SysCon 2018, Vancouver, Canada, 4/24/18. https://doi.org/10.1109/SYSCON.2018.8369578
Werner K, Raymond C, Kumar S, Aukerman A, Ryan MT, Valerdi R. Application and refinement of the early lifecycle cost estimation model: A case study of the JLTV. In 12th Annual IEEE International Systems Conference, SysCon 2018 - Proceedings. Institute of Electrical and Electronics Engineers Inc. 2018. p. 1-7 https://doi.org/10.1109/SYSCON.2018.8369578
Werner, Kyle ; Raymond, Christopher ; Kumar, Sai ; Aukerman, Alex ; Ryan, Major Thomas ; Valerdi, Ricardo. / Application and refinement of the early lifecycle cost estimation model : A case study of the JLTV. 12th Annual IEEE International Systems Conference, SysCon 2018 - Proceedings. Institute of Electrical and Electronics Engineers Inc., 2018. pp. 1-7
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