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Activity Number: 367
Type: Contributed
Date/Time: Wednesday, August 6, 2008 : 8:30 AM to 10:20 AM
Sponsor: Business and Economics Statistics Section
Abstract - #302261
Title: Sequential Sampling for Pricing Consistency of Enterprise IT Solutions with Attached Services
Author(s): Jerry Shan*+
Companies: Hewlett-Packard Company
Address: 1501 Page Mill Road, Palo Alto, CA, 94303,
Keywords: multiple-stage sampling ; estimation ; stratification ; population ; Bootstrapping ; simulation
Abstract:

A customer IT solution that an IT enterprise provides can be a mix of hardware products (such as servers, storage, software, and PCs) and attached services. Consistency in pricing of these various elements, especially the attached services, is a key aspect to achieving certain strategic business objectives. This paper presents a statistical sampling solution that we developed, with the objective of proving an efficient pricing consistency checking solution for the service deliverables. The solution was developed with a multi-stage, sequential sampling and estimation approach. In this paper, we will describe our methods as well as report our application results from a pilot project.

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