Using the steel-vessel material-cost index to mitigate shipbuilder risk / / Edward G. Keating [et al.].

• Superior document: Technical report ; TR-520-NAVY
• Author: United States. Dept. of Defense. Office of the Secretary of Defense.; Keating, Edward G. 1965-
• TeilnehmendeR: United States. Dept. of Defense.; National Defense Research Institute (U.S.)
• Place / Publishing House: Santa Monica, CA : : Rand Corporation,, 2008.
• Year of Publication: 2008
• Edition: 1st ed.
• Language: English
• Series: Technical report (Rand Corporation) ; TR-520-NAVY.
• Physical Description: 1 online resource (xiii, 15 pages) :; illustrations
• Notes: "Prepared for the Office of the Secretary of Defense."; "RAND National Defense Research Institute."
• Bibliography: Includes bibliographical references (p. 15).
• ISBN: 1281736724; 9786611736729; 0833046039; 0833044982
• Hierarchical level: Monograph
• Statement of Responsibility: Edward G. Keating [et al.].

The more accurately a cost index captures a shipbuilder's risk, the less the Navy should have to pay its shipbuilders. The Navy uses such indexes to correct for significant cost risks outside its shipbuilders' control. A longtime material-cost index in Navy shipbuilding is the steel-vessel index, but it is outdated and volatile. The authors urge the Navy to develop a modern-vessel index that more appropriately represents the materials used today.