ERIC Number: ED273794
Record Type: RIE
Publication Date: 1986
Reference Count: 0
A Cost-Benefit Analysis Model for Secondary Vocational Programs: A New Approach from School Perspective.
Navaratnam, Kathiravelu K.
This study established a cost-benefit analysis model for use by local school practitioners to assist in efforts to determine the economic outcomes of their vocational education programs. The model, the components of which were costs, process, and benefits, was established with the assistance of a panel of experts that included a local school administrator. Once established, the model was implemented within a local school division using programs from four different vocational service areas. The costs were determined by using school records for the previous year and prorated according to use by vocational education. Components of costs were personnel, building, equipment, materials and supplies, administration, travel, services, utilities, and maintenance. The process was the actual conduct of the programs. The benefits were determined by the income from graduates' salary, income earned from cooperative placement of students, and income from the provision of services by the program to the public. The findings from use of the model indicate that three of the four vocational programs had positive economic outcomes. The panel of experts determined that the model was both usable and transportable. The researchers recommended the use of the model to assist local school practitioners in determining economic outcomes and making decisions based upon such outcomes in vocational education. (Author)
Publication Type: Reports - Research
Education Level: N/A
Audience: Administrators; Practitioners
Authoring Institution: N/A