Finance and Financial Management Commons^™

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

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

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

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 …

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 …

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 …

Electronic Data Processing Feasibility Study Machinery For Commercial Banking Firms, David W. Howell

Theses and Dissertations

Electronic Data Pro9essing is one of the most significant developments in recorded history. Many commercial banks have computers installed on their premises or lease computer time from a service company. A significant proportion of the installed systems are underutilized both in the number of applications programmed and total computer run times. This is a result of bank management's ignorance of electronic data processing characteristics and the subsequent poor and incomplete planning.

A commercial banking firm should establish electronic data processing feasibility study machinery on a. permanent basis. The creation of a permanent staff of junior bank executives should ensure intelligent …

Evaluation Of Common Stock Warrants As An Investment, Arthur J. Bailey

Theses and Dissertations

The common stock warrant, a security traded on most stock exchanges, is little known to the investing public. This is an evaluation of the common stock warrant as an investment. This study briefly describes corporate securities and the role of the common stock warrant. The reasons corporations issue common stock warrants, as well as stocks and bonds, are appraised.

The reservations and restrictions, applicable to common stock warrants, by the Securities and Exchange Commission are considered. The study discusses how each common stock warrant issue confers upon the holder the privilege of exchanging them for the common stock of a …