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CUVX Design Report - the AOE home page - Virginia Tech

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<strong>CUVX</strong> <strong>Design</strong> – VT Team 2 Page 41Table 25. Event Probability EstimateProbability What is <strong>the</strong> Likelihood <strong>the</strong> Risk Event Will Occur?0.1 Remote0.3 Unlikely0.5 Likely0.7 Highly likely0.9 Near CertainTable 26. Event Consequence EstimateConsequence Given <strong>the</strong> Risk is Realized, What Is <strong>the</strong> Magnitude of <strong>the</strong> Impact?Level Performance Schedule Cost0.1 Minimal or no impact Minimal or no impact Minimal or no impact0.3Acceptable with some Additional resources required; 10%major program milestoneFigure 25. Performance RiskFigure 26. Cost RiskFigure 27. Schedule Risk3.5.3 Cost (Appendix D.1 <strong>CUVX</strong> Ship Syn<strong>the</strong>sis Model, Module 10)Lead ship acquisition cost, and follow ship acquisition cost are particularly important for getting <strong>the</strong> concept ofa <strong>CUVX</strong> carrier “off <strong>the</strong> ground”. Two separate multi-objective optimizations are performed for <strong>CUVX</strong>, <strong>the</strong> firstusing lead ship acquisition cost, and <strong>the</strong> second using mean follow-ship acquisition cost.<strong>CUVX</strong> construction costs are estimated for each SWBS group using weight-based equations adapted from anearly ASSET cost model and US Navy cost data. Historical costs are inflated to <strong>the</strong> base year using a 2.3% averageannual inflation rate from 1981 data. The <strong>CUVX</strong> base year is assumed to be 2005. Figure 28 illustrates total leadship acquisition cost components calculated in <strong>the</strong> model. Lead ship costs include detail design engineering andplans for <strong>the</strong> class (SWBS 800 – Integration and Engineering) and all tooling, jigs and special facilities for <strong>the</strong> class

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