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Full-Text Articles in Operations Research, Systems Engineering and Industrial Engineering
Likelihood And Cost Impact Of Engineering Change Requirements For Dod Contracts, James C. Ellis, Edward D. White, Jonathan D. Ritschel, Shawn M. Valentine, Brandon Lucas, Ian S. Cordell
Likelihood And Cost Impact Of Engineering Change Requirements For Dod Contracts, James C. Ellis, Edward D. White, Jonathan D. Ritschel, Shawn M. Valentine, Brandon Lucas, Ian S. Cordell
Faculty Publications
Purpose: There appears to be no empirical-based method in the literature for estimating if an engineering change proposal (ECP) will occur or the dollar amount incurred. This paper aims to present an empirically based approach to address this shortfall.
Design/Methodology/Approach: Using the cost assessment data enterprise database, 533 contracts were randomly selected via a stratified sampling plan to build two regression models: one to predict the likelihood of a contract experiencing an ECP and the other to determine the expected median per cent increase in baseline contract cost if an ECP was likely. Both models adopted a stepwise approach. A …