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Erratum for “Transforming the Acquisition Enterprise: A Framework for Analysis and a Case Study of Ship Acquisition”, Systems Engineering , Vol. 10, No. 2, 2007
Author(s) -
Pennock Michael
Publication year - 2014
Publication title -
systems engineering
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.474
H-Index - 50
eISSN - 1520-6858
pISSN - 1098-1241
DOI - 10.1002/sys.21278
Subject(s) - volatility (finance) , notional amount , econometrics , economics , production (economics) , returns to scale , stochastic volatility , function (biology) , microeconomics , finance , evolutionary biology , biology
The output values for the notional example presented Section 5.1, page 110, are not consistent with the model of ship output developed in the paper. That model assumed a deterministic budget and stochastic input costs. However, the example output values in section 5.1 are actually generated by assuming a stochastic budget and deterministic input costs, a case which was not discussed in the paper. In other words, the equations are correct, but the output numbers in the example are not generated with those equations. The correct output values that are generated using the equations presented in the paper are as follows: