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Business Commons

Open Access. Powered by Scholars. Published by Universities.®

Law

2015

Air Force Institute of Technology

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Full-Text Articles in Business

Acquisition Challenge: The Importance Of Incompressibility In Comparing Learning Curve Models, Justin R. Moore, John J. Elshaw, Adedeji B. Badiru, Jonathan D. Ritschel Oct 2015

Acquisition Challenge: The Importance Of Incompressibility In Comparing Learning Curve Models, Justin R. Moore, John J. Elshaw, Adedeji B. Badiru, Jonathan D. Ritschel

Faculty Publications

The Department of Defense (DoD) cost estimating methodology currently employs T. P. Wrights 75-plus-year-old learning curve formula. The goal of this research was to examine alternative learning curve models and determine if a more reliable and valid cost estimation method exists, which could be incorporated within the DoD acquisition environment. This study tested three alternative learning models (the Stanford-B model, DeJong's learning formula, and the S-Curve model) to compare predicted against actual costs for the F-15 A-E jet fighter platform. The results indicate that the S-Curve and DeJong models offer improvement over current estimation techniques, but more importantly and unexpectedly …