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Air Force Institute of Technology

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Articles 121 - 131 of 131

Full-Text Articles in Finance and Financial Management

Life-Cycle Costs Of Alternative Icbm Second Stage Designs, Brian D. Joyce, Patrick E. Poppert Sep 1992

Life-Cycle Costs Of Alternative Icbm Second Stage Designs, Brian D. Joyce, Patrick E. Poppert

Theses and Dissertations

The purpose of this study was twofold. The primary objective of our research was to develop and report life-cycle cost estimates for new second stage ICBM booster designs to Phillips Laboratory. Our second objective (perhaps of equal or greater importance as the first), was to provide the users of these estimates with a taste of what exactly is involved in life-cycle costs, the cost estimating process, and factors that influence these items. Life-cycle cost estimates were requested to supplement separate engineering and research efforts of both Phillips Laboratory and graduate students at the School of Engineering, Air Force Institute of …


The Davis-Bacon Act: Cost Impact On The Air Force, Raymond Carpenter Sep 1992

The Davis-Bacon Act: Cost Impact On The Air Force, Raymond Carpenter

Theses and Dissertations

This study was performed to determine what cost impact, if any, the Davis-Bacon Act has on the cost of Air Force construction contracts. The Davis- Bacon Act is a federal labor statute requiring the payment of pre-established wages to workers employed under Federally funded construction projects. The research found that contract award prices could be approximately 22% lower if the payment of these wages were not required. This estimate was made based on the results of a survey of bidders competing for award of construction contracts issued by bases within the former Strategic Air Command. Additional findings and survey response …


Cost/Schedule Control Systems Criteria: A Reference Guide To C/Scsc Information, Erik G. Cummings, Kirk A. Schneider Sep 1992

Cost/Schedule Control Systems Criteria: A Reference Guide To C/Scsc Information, Erik G. Cummings, Kirk A. Schneider

Theses and Dissertations

This thesis effort provides a valuable tool for contract performance measurement (CPM) analysts to use both while attending formalized Cost/Schedule Control Systems Criteria (C/SCSC) training, and while on the job. Research indicated a large amount of written material existed on contract performance measurement and the more specific topic of C/SCSC, yet this information was hidden in a wide array of unindexed professional journals, master's thesis, and texts. Further, while many professions have a reference guide of annotated bibliographies, CPM had none. Through an extensive literature review using several search and retrieval methods, the authors were able to amass a bibliography …


A Feasibility Study On Consolidating Air Force Cost Reduction Programs, Joseph H. Donohoe, Mark A. Hobson Sep 1992

A Feasibility Study On Consolidating Air Force Cost Reduction Programs, Joseph H. Donohoe, Mark A. Hobson

Theses and Dissertations

This study investigated the possibility of consolidating available manufacturing cost savings programs into one concise effort with common ground rules and regulations. The current manufacturing cost savings program include the Industrial Modernization Incentive Program (IMIP), the Manufacturing Technology Program (MANTECH), and the Value Engineering Program (VE). A literature search revealed that there are problems associated with each of these cost savings programs. A case study was conducted on the B-2 System Program Office's effort to consolidate cost savings programs into one common effort. This case study revealed that there were positive benefits in reducing cost after consolidation. A survey of …


An Analysis Of Contract Cost Overruns And Their Impacts, Brian D. Wilson Sep 1992

An Analysis Of Contract Cost Overruns And Their Impacts, Brian D. Wilson

Theses and Dissertations

This study examines the tendency of major program DoD contracts, once in an overrun status, to remain in that status and in many cases, further deteriorate. In these times of budgetary constraints, it is important that government program managers and other key decision makers understand the ramifications of contract overruns especially early in a program's life. The overruns on the A-12 program, for instance, could have possibly been predicted much earlier and the program cancellation avoided if only the program manager had understood the implications of significant cost overruns early in the life of the program.


A Review Of Selected Usaf Life Cycle Costing Models, Mark G. Twomey Sep 1991

A Review Of Selected Usaf Life Cycle Costing Models, Mark G. Twomey

Theses and Dissertations

This study examined the history of the development of life cycle costing (LCC) in the DOD and USAF, and reviewed 11 'mainstream' LCC models currently being used by the Air Force including the LSC, LCCH, ZCORE, CASA, PRICE H, PRICE HL, PRICE M, PRICE S, MLCC, Dyna-METRIC, and LCOM models. A literature search revealed that the last comprehensive reviews of LCC modeling in the USAF were conducted in the 1970s by the Joint AFSC/AFLC Commanders' Working Group on LCC and Rand. LCC's initial development, in the 1960s, was prompted by rapid increases in operating and support (O and S) costs …


Estimate-At-Completion Research - A Review And Evaluation, John W. Mckinney Sep 1991

Estimate-At-Completion Research - A Review And Evaluation, John W. Mckinney

Theses and Dissertations

This research derives from the Performance Measurement discipline and consists of a comprehensive analysis of Estimate-At-Completion (EAC) studies published since 1973. The EAC studies consisted of models, comparison studies, and computer analysis programs. Each study was categorized by formula type and described in terms of methodology and conclusions. Each study was evaluated based on clarity, documentation, methodology, and source. After reviewing the studies some areas were found to be weak. The AFSC formula that uses weighted percentages of .2 SPI and .8 CPI, is not supported by a critical review of the literature. In the area of comparisons studies, different …


A Policy Analysis Of Using Unit Costs As A Means Of Performance Measurement In The Air Force Science And Technology Program, Michael P. Avery Sep 1991

A Policy Analysis Of Using Unit Costs As A Means Of Performance Measurement In The Air Force Science And Technology Program, Michael P. Avery

Theses and Dissertations

This study investigates the possible use of unit costs as a means of performance measurement in the Air Force Science and Technology (S and T) program. Using a policy analysis methodology, the author breaks the analysis into four phases. The first phase called understanding the problem and incorporates the theory of management control systems, budgets, resource management systems, and identifies what the S and T program encompasses. The second phase is called developing policy options and identifies three distinctly different policies that satisfy the need for getting performance information into the hands of decision-makers. The third phase is called determining …


A Review Of Cost Performance Index Stability, Scott R. Heise Sep 1991

A Review Of Cost Performance Index Stability, Scott R. Heise

Theses and Dissertations

This study examines approaches currently used to determine when Cost Performance Index (CPI) stability occurs. The CPI indicates the cost performance efficiency of the work the contractor has accomplished to date; however it has value as a predictor of future contractor cost performance given that the CPI can be declared stable. Knowing that the CPI is stable allows government personnel to project the final cost of the contract and, if a cost overrun is projected, to determine the likelihood that the contractor can recover. The range method was used to test for stability of cumulative and non-cumulative (three month, six …


The Operation Of Military Family Housing As A Business Enterprise. A Case Study At Langley Air Force Base, Virginia, Michael T. Ray Sep 1991

The Operation Of Military Family Housing As A Business Enterprise. A Case Study At Langley Air Force Base, Virginia, Michael T. Ray

Theses and Dissertations

The focus of this research was to determine the feasibility of operating Military Family Housing (MFH) as a business enterprise, based on rental income. A case study of the Langley AFB Military Family Housing operation during FY 90 was used to determine if housing allowances forfeited by residents of base housing would provide sufficient rental income for the annual operations, maintenance and capital improvement of the MFH assets. It further compared the descriptive data from Langley AFB, Virginia, to USAF averages to determine if the findings at Langley were generalizable across the Air Force. The case study showed that Basic …


Analysis Of The Cash Recovery Rate's Potential Application In Determining The Social Cost Of Capital, Francis J. Geiser Iii Sep 1991

Analysis Of The Cash Recovery Rate's Potential Application In Determining The Social Cost Of Capital, Francis J. Geiser Iii

Theses and Dissertations

This study explored the potential application of the cash recovery rate in determining the social cost of capital. It specifically investigated the results of using cash-recovery rate-based, internal rate of return-estimating relationships, which were formulated under assumptions of constant investment growth rate, to estimate internal rates of return for simulated firm-level financial data generated using both exponentially increasing and sinusoidal investment growth rates. An extensive literature review is used to build a analytical link between the need for updating the social discount rate, capital budgeting decisions based on internal rates of return, and the proposed behavior of the cash recovery …