Price Systems (Paperback)

Please note that the content of this book primarily consists of articles available from Wikipedia or other free sources online. PRICE Systems was founded in 1975 as a business within the RCA Corporation. It is generally acknowledged as the earliest developer of parametric cost estimation software.PRICE Systems' cost estimating software was first developed in the 1970s when RCA's Frank Freiman created the Programmed Review of Information for Costing and Evaluation (PRICE). PRICE related the basic costs of engineering and production to parameters that included a specification profile of units to be built, amount of work to be performed, the allowed schedule and resources available. It relied on the use of parametric relationships obtained through curve-fitting procedures that had been performed on a historical repository of significant cost data.