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Forecasting

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Full-Text Articles in Operations Research, Systems Engineering and Industrial Engineering

Cost Estimating Using A New Learning Curve Theory For Non-Constant Production Rates, Dakotah Hogan, John J. Elshaw, Clay M. Koschnick, Jonathan D. Ritschel, Adedeji B. Badiru, Shawn M. Valentine Oct 2020

Cost Estimating Using A New Learning Curve Theory For Non-Constant Production Rates, Dakotah Hogan, John J. Elshaw, Clay M. Koschnick, Jonathan D. Ritschel, Adedeji B. Badiru, Shawn M. Valentine

Faculty Publications

Traditional learning curve theory assumes a constant learning rate regardless of the number of units produced. However, a collection of theoretical and empirical evidence indicates that learning rates decrease as more units are produced in some cases. These diminishing learning rates cause traditional learning curves to underestimate required resources, potentially resulting in cost overruns. A diminishing learning rate model, namely Boone’s learning curve, was recently developed to model this phenomenon. This research confirms that Boone’s learning curve systematically reduced error in modeling observed learning curves using production data from 169 Department of Defense end-items. However, high amounts of variability in …


Optimizing Forecasting Methods For Ustranscom Railcar Demands, James M. Park Mar 2016

Optimizing Forecasting Methods For Ustranscom Railcar Demands, James M. Park

Theses and Dissertations

The United States military heavily relies on rail freight operations to meet many of its logistical needs during both peacetime and wartime efforts. As the head organization responsible for managing and overseeing all modes of military transportation, United States Transportation Command depends on timely accurate railcar demand forecasts to drive critical decisions on distribution and placement of railcar assets. However, the intermittent nature of railcar demands based on location and commodity make it a challenging task for forecasters. Furthermore, these “lumpy” demands often come without any obvious trends or seasonality. This study explores the utility of both traditional forecasting methods …