ERIC Number: ED029983
Record Type: Non-Journal
Publication Date: 1968-Dec-10
Reference Count: N/A
Cost-Effectiveness Analysis as a Method for the Evaluation of Vocational and Technical Education.
Kaufman, Jacob J.
It is the purpose of this paper to discuss cost-benefit analysis in terms of: (1) its logic and meaning, (2) some of the misconceptions which prevail concerning this method of evaluation, (3) some of the problems and limitations of this method, and (4) the conclusions of a study which attempted to determine whether or not there is pay-off from an investment in vocational and technical education. Cost-effectiveness analysis is an attempt to establish the equivalent of a system of market principles for various types of government activities. One should not talk about education in terms of cost or needs alone. No cost can be justified without a reference to pay-off, and the satisfaction of any need cannot be justified without reference to cost. Cost-benefit analysis forces administrators to think through their objectives, concentrate on cost, and think in terms of alternatives. Some misconceptions are: (1) It seeks to conduct education on a least-cost basis, (2) Benefits are measured only in dollar terms, (3) Some things are not quantifiable, (4) The technique has not been fully developed, and (5) It tends to ignore political considerations. A Pennsylvania study was reported which revealed certain values of vocational-technical programs over other high school curriculums. (DM)
Publication Type: N/A
Education Level: N/A
Sponsor: Office of Education (DHEW), Washington, DC.
Authoring Institution: N/A
Identifiers - Location: Texas (Dallas)