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Proceedings Paper

Cost efficiency of simulation-based acquisition
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Paper Abstract

Reduction of risks and acquisition delays is a major issue for procurement services, as it contributes directly to the cost and availability of the system. A new approach, know as simulation-based acquisition (SBA) has been used increasingly within the last past years. In this paper, we address cost-effectiveness issues of SBA. Using the standard cost estimates familiar to program managers, we show first that the cost overhead of using SBA instead of a “conservative” approach is cancelled and turned into a financial gain as soon as the first unforeseen event arises. Then, we show that reuse within SBA of a system-of-systems induces financial gains which give the design of the encompassing meta-system for free.

Paper Details

Date Published: 4 September 2003
PDF: 11 pages
Proc. SPIE 5091, Enabling Technologies for Simulation Science VII, (4 September 2003); doi: 10.1117/12.485671
Show Author Affiliations

Published in SPIE Proceedings Vol. 5091:
Enabling Technologies for Simulation Science VII
Alex F. Sisti; Dawn A. Trevisani, Editor(s)

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