Saturday, May 9

Affordability Measurement and Prediction

10:30 AM-12:30 PM
Salon A

The speakers in this minisymposium will discuss current directions in affordability modeling and decision analysis. Among these are: management models which reduce future costs and uncertainty to current values; sequential decision making in which each stage the decision takes into account an uncertain future; and stochastic models of cost processes with a fixed confidence level. The speakers will provide an overview of the needs of the user community and some specific studies of models and methods.

Organizer: James A. Reneke
Clemson University

10:30 Affordable Naval Systems in a Time of Severely Constrained Budgets
Katherine Drew, Office of Naval Research
11:00 A Stochastic Approach to System Design for Affordability
Dimitri Mavris, Georgia Institute of Technology
11:30 Operating Costs in Stochastic Storage with Increasing Demand
Marie Coffin, Peter C. Kiessler, and Calvin L. Williams, Clemson University
12:00 Stochastic Life Cycle Cost Processes in Affordability
James A. Reneke, Organizer

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MMD, 11/17/97