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Economic Moat: A Line Of Defense For The Defense Industry, Karina M. Fernando
Economic Moat: A Line Of Defense For The Defense Industry, Karina M. Fernando
Theses and Dissertations
Defense contractor financial performance is traditionally measured using accounting profit. In academic literature, accounting profit has been proxied through different applications of accounting rates of return. However, the use of these rates pose certain limitations. First, accounting rates of return have been applied inconsistently. Next, academic research has not typically assessed accounting returns against a firms opportunity costs. As a result, there is a literature gap in defense research that assesses whether defense contractors earn sustainable returns beyond the cost to produce those returns.
A Comparative Study Of Linear And Nonlinear Estimate At Completion Methods, Todd D. Nystrom
A Comparative Study Of Linear And Nonlinear Estimate At Completion Methods, Todd D. Nystrom
Theses and Dissertations
Controlling costs in the acquisition of new defense systems is a major challenge in today's environment of declining budgets and rapidly changing technology. One of the challenges faced by program managers and cost analysts is selecting the most appropriate Estimate at Completion (EAC) method for their program. This study compares the performance of the popular index-based EAC methods with several newer nonlinear, regression based EAC methods to determine whether the complex nonlinear methods perform better than the simpler index-based methods. In addition, the sensitivity of the results to stage of contract completion, system type, program phase, contract type, Department of …