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4.7.4 Putting Cost in the Cost verses Performance Trade‐Off
Author(s) -
Redman Quentin,
Stratton George
Publication year - 2001
Publication title -
incose international symposium
Language(s) - English
Resource type - Journals
ISSN - 2334-5837
DOI - 10.1002/j.2334-5837.2001.tb02415.x
Subject(s) - process (computing) , computer science , cost estimate , trade off , cost accounting , relevant cost , reliability engineering , industrial engineering , risk analysis (engineering) , operations research , economics , engineering , systems engineering , business , mathematics , accounting , operating system , statistics
Cost Performance Trade‐Off analysis is fundamental to the Systems Engineering process. A cost performance trade study, is a procedural search for a design solution that balances achieved systems performance, effectiveness and cost against the desired or required values for these features and the system. Within this paper we will discuss the methodology and rational behind that methodology for preparing the cost estimates to be utilized within these trade‐offs. Also included is a short discussion on appropriateness of cost modeling and analysis tools.