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Expectation of contract incentives

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  • John A. Finchum

Abstract

The application of statistical expectation to risk density functions and fee/incentive‐element relationships is shown to be useful in structuring contract incentives. A mathematical procedure for calculating the expected value of fee for a given risk/incentive arrangement is described along with cost examples and related sensitivity analyses. The structuring of equivalent incentives is demonstrated by the use of the contracting procedure used for procuring the C‐5A aircraft.

Suggested Citation

  • John A. Finchum, 1972. "Expectation of contract incentives," Naval Research Logistics Quarterly, John Wiley & Sons, vol. 19(2), pages 389-397, June.
  • Handle: RePEc:wly:navlog:v:19:y:1972:i:2:p:389-397
    DOI: 10.1002/nav.3800190213
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    Cited by:

    1. Gordon W. Arbogast & Norman Keith Womer, 1988. "An error components model of cost overruns and schedule slip on army R&D programs," Naval Research Logistics (NRL), John Wiley & Sons, vol. 35(3), pages 367-382, June.

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