An affordability prediction system to assess information availability in defence projects

Oyetola O. Bankole, Rajkumar Roy, Essam Shehab, Kalyan Cheruvu

Research output: Chapter in Book/Report/Conference proceedingConference contribution

Abstract

The current business environment is increasingly dependent on strategic information and knowledge in order to survive against competition and sustain profitability. The aerospace defence sector is facing the same challenge, because a good level of knowledge is required in making affordability decision in defence contracts, which could last over 30 to 50 years. In this paper, a system which assesses the level of information that is available for both customer and solution provider to decide whether a contract would be affordable across the project life cycle, is presented. It involves a method of score allocation of affordability factors based on affordability elements across the life cycle. The output helps decision makers in negotiating contracts before project starts. It informs contract deliverable by emphasising areas for data collection and indicates the risk involved in a project based on information availability. Further, the paper identifies limitations as well as areas for future improvement.

Original languageEnglish
Title of host publicationProceedings of the 6th CIRP-Sponsored International Conference on Digital Enterprise Technology
PublisherSpringer Verlag
Pages1613-1626
Number of pages14
ISBN (Print)9783642104299
DOIs
Publication statusPublished - Jan 1 2010
Externally publishedYes
Event6th CIRP International Conference on Digital Enterprise Technology, DET 2009 - Hong Kong, Hong Kong
Duration: Dec 14 2009Dec 16 2009

Publication series

NameAdvances in Intelligent and Soft Computing
Volume66 AISC
ISSN (Print)1867-5662

Conference

Conference6th CIRP International Conference on Digital Enterprise Technology, DET 2009
CountryHong Kong
CityHong Kong
Period12/14/0912/16/09

Keywords

  • Affordability
  • Affordability assessment
  • Defence industry
  • Information
  • Knowledge

ASJC Scopus subject areas

  • Computer Science(all)

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