Technological change and cost analysis of high-technology systems
- 1 May 1977
- journal article
- Published by Institute of Electrical and Electronics Engineers (IEEE) in IEEE Transactions on Engineering Management
- Vol. EM-24 (2) , 38-45
- https://doi.org/10.1109/TEM.1977.6447333
Abstract
Technological change is discussed in the context of systems cost analysis in two ways. First, it is a specific objective of research and development (R&D) programs and is a direct determinant of R&D cost. Methods of measuring technological change are evaluated and an example of an R&D cost equation is set forth. Second, technological change underlies the relationships between design/performance characteristics and procurement costs. For many systems, the year-to-year change is highly significant, and cost analyses which overlook this phenomenon can be in serious error. Examples are discussed.Keywords
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