ERIC Number: ED124745
Record Type: Non-Journal
Publication Date: 1975-Nov
Reference Count: N/A
Information System for Societal Cost and Benefit Analysis of Vocational and Manpower Programs. Final Report.
The study was directed toward developing a manual for establishing societal benefits and costs of vocational and manpower programs in Wisconsin. After first outlining the background of benefit-cost analysis, problems in establishing cost functions in education are presented along with some important cost concepts and uses of cost information in education. The next section deals with the identification and measurement of societal benefits of vocational programs. Five different methods of analyzing data related to societal costs and benefits of vocational and manpower programs are discussed in the last section. These methods are present value of net benefits, annual value of net benefits, rate of return, benefit-cost ratio, and pay back period. Procedural steps used and the advantages and disadvantages of each method are given. One of the major problems in establishing societal costs and benefits of vocational programs is the lack of relevant data, consequently, a need exists to develop a management information system for vocational, technical, and adult education. The report concludes that data required for the costs and benefits should be incorporated in a management information system. The required information for implementing various steps in establishing societal costs and benefits is outlined for curriculum, faculty, space, equipment, supplies, and administration. (MF)
Publication Type: Reports - Research
Education Level: N/A
Authoring Institution: Wisconsin Univ. - Stout, Menomonie. Center for Vocational, Technical and Adult Education.
Identifiers - Location: Wisconsin