A study reviewed the measurement problems that would confront a study team performing a national cost-benefit analysis of vocational education and presented alternative strategies to overcome these measurement problems and to provide input into assessing the feasibility of conducting a national cost-benefit study. To meet these objectives, researchers made a comprehensive literature review of works dealing with cost-benefit methodologies in general, cost-benefit analysis of vocational education, and cost-benefit analysis in other social welfare areas. In addition, a variety of technical experts was consulted. Data obtained from these two sources were organized into synopses dealing with the scope of vocational education, cost-benefit analysis, general cost-benefit measurement problems, and problems specific to measuring vocational education costs and benefits. Analysis of these data indicated that cost-benefit analysis can be a meaningful tool that contributes to the policy process. However, it does have some limitations, including several in the following areas: analytical evaluation techniques that relate costs to benefits, methods for measuring costs and benefits, and characteristics of vocational education. (Related reports on other components of the project and the final project report are available separately through ERIC--see note.) (MN)