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ERIC Number: ED113998
Record Type: RIE
Publication Date: 1975-Apr
Pages: 5
Abstractor: N/A
Reference Count: 0
ISBN: N/A
ISSN: N/A
Cost-Benefit Analysis in Nontraditional Education.
Parker, Charles A.
NACUBO Professional File, v7 n1 Apr 1975
The methods of management science have been increasingly helpful to colleges and universities in evaluating alternatives, both instructional and administrative, and in determining the most efficient allocation of their resources. This article discusses ways in which systems techniques can be used to support the humanistic efforts so highly valued in the existing educational system. It examines one of these techniques, cost benefit analysis, with particular emphasis on its usefulness in evaluating nontraditional education. A cost benefit analysis is a quantitative, evaluative technique that relates the total benefits of a program to total costs of the program. It is an analytic study designed to assist decision makers by providing a criterion for identifying a preferred choice among a number of competing alternatives. It provides information on how to maximize or optimize a desirable measure of output, given a set of limited resources, including a budget constraint. The two broad areas discussed are the need for cost benefit analysis in nontraditional education and practical suggestions and steps necessary to carry it out. (Author/JMF)
National Association of College and University Business Officers, One Dupont Circle, Washington, D.C. 20036
Publication Type: Journal Articles
Education Level: N/A
Audience: N/A
Language: N/A
Sponsor: N/A
Authoring Institution: National Association of College and University Business Officers, Washington, DC.