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An Analysis of Incentive Contracts with Respect to Risk

Jones,Julius E

1971

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Título:
An Analysis of Incentive Contracts with Respect to Risk
Autor: Jones,Julius E
Assuntos: Administration and Management ; CONTRACTS ; COST OVERRUNS ; COSTS ; DEPARTMENT OF DEFENSE ; INCENTIVE CONTRACTS ; INDUSTRIAL RELATIONS ; MANAGEMENT ENGINEERING ; MATHEMATICAL PREDICTION ; MOTIVATION ; PROBABILITY ; RISK TAKING ; STATISTICAL ANALYSIS ; THESES
Notas: DTIC AND NTIS
Descrição: The study discusses incentive contracts and cost overruns as related to industrial risk categories. The various aspects of risk considered by the Department of Defense have had contract modifications as a common factor reflecting risk. Based on the average percentage of contract modifications, industrial commodity categories are rated in terms of risk. Statistical tests were performed to analyze the tendency of incentive contracts, grouped by commodity categories, to over or underrun target costs. A conclusion is reached on high risk commodity categories in relation to target costs. Methods of reducing risk are discussed.
Data de criação/publicação: 1971
Idioma: Inglês

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