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Home > Science, Technology & Agriculture > Technology: general issues > Maths for engineers > Probability Methods for Cost Uncertainty Analysis: A Systems Engineering Perspective
Probability Methods for Cost Uncertainty Analysis: A Systems Engineering Perspective

Probability Methods for Cost Uncertainty Analysis: A Systems Engineering Perspective


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About the Book

This text illustrates how probability theory is applied to model, measure and manage risk in the cost of a systems engineering project. It offers a blend of theory and practice, seeking to provide a comprehensive approach for assessing the impact of unplanned events on the cost of engineering modern complex systems. A solutions manual is available to instructors only.

Table of Contents:
Uncertainty and the Role of Probability in Cost Analysis Concepts of Probability Theory Distributions and the Theory of Expectation Special Distributions for Cost Uncertainty Analysis Functions of Random Variables and Their Application to Cost Uncertainty Analysis System Cost Uncertainty Analysis Modeling Cost and Schedule Uncertainties-An Application of Joint Probability Theory Epilogue: Considerations and Recommended Practices Appendix A: Statistical Tables and Related Integrals Appendix B: The Bivariate Normal-LogNormal Distribution Appendix C: The Bivariate LogNormal Distribution

Review :
"Paul Garvey's new book belongs on the bookshelves of all persons responsible for providing cost estimates of futuristic, high-technology systems at various phases of development and production or for making decisions based on such cost estimates.[It] collects in one handy location all the probabilistic foundations of the new approach to cost estimating.Probability Methods for Cost Uncertainty Analysis will serve the system engineer and cost analyst as both a desk reference and, with its large volume of examples and exercises, a textbook for keeping up to speed (or getting up to speed) on these new procedures." -Stephen A. Book, Ph.D., Distinguished Engineer, Systems Engineering Division, The Aerospace Corporation, Los Angeles, California "Sound theoretical basis, fine-tuned by empirical evidence, and focused like a laser on the application of performing cost risk analysis on complex systemsafter teaching from a collection of papers, I'm delighted to finally find this well-written text." -Daryl J. Hauck, Ph.D. Assistant Professor, Ohio "Paul Garvey has done a tremendous job taking a technical subject and producing a readable, interesting and informative primer. strongly recommend[ed]to all professional cost analysts, both for its readability and its insights....also recommend[ed] to anyone who is in the position of making decisions based on cost estimates." - Phalanx, The Bulletin of Military Operations Research ..."does a very thorough job of explaining probability methods in cost uncertainty analysis in mathematical terms." - International Cost Engineering Council, 2001 "This book focuses on the development of a structured approach to quantifying the uncertainty of cost estimates, backed by a great deal of mathematical rigor." - INCOSE Insight, 2001 Promo Copy


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Product Details
  • ISBN-13: 9780824789664
  • Publisher: Taylor & Francis Inc
  • Publisher Imprint: Marcel Dekker Inc
  • Height: 229 mm
  • No of Pages: 424
  • Returnable: N
  • Weight: 726 gr
  • ISBN-10: 0824789660
  • Publisher Date: 03 Jan 2000
  • Binding: Hardback
  • Language: English
  • No of Pages: 424
  • Sub Title: A Systems Engineering Perspective
  • Width: 152 mm


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Probability Methods for Cost Uncertainty Analysis: A Systems Engineering Perspective
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