NASA NTRS · 19690000545
Monte Carlo simulation by computer for life-cycle costing
Abstract
Prediction of behavior and support requirements during the entire life cycle of a system enables accurate cost estimates by using the Monte Carlo simulation by computer. The system reduces the ultimate cost to the procuring agency because it takes into consideration the costs of initial procurement, operation, and maintenance.
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Gralow, F. H., Larson, W. J.. 1969-11-01. Monte Carlo simulation by computer for life-cycle costing. https://ntrs.nasa.gov/citations/19690000545
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