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Cost-Benefit Analysis for Public Sector Decision Makers
Diana Fuguitt , and Shanton J. Wilcox Manufacturer: Quorum Books ProductGroup: Book Binding: Hardcover  General
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ASIN: 1567202225 |
Book Description
Fuguitt and Wilcox skillfully guide analysts, public sector managers, and students of decision-making through a full range of the essential steps to perform, interpret, and assess cost-benefit analysis. Their book shows how to grasp the principles of cost-benefit analysis and several related economic valuation methods, how to apply them in undertaking an objective analysis, and how to use the analysis as a decision-making tool across a wide range of fields and applications. An extensive knowledge of economic theory, calculus or advanced graphical analysis is not needed to understand the principles or techniques. Accessible to those who understand basic algebra and have a beginner's hold on statistics, the book also provides a bridge to the more advanced literature in economics and to other analyses used to perform sophisticated valuations. A unique, much-needed presentation of all that is required to gain an immediate, useful understanding of the topic. The authors explain basic economic concepts and show how they are relevant to understanding an analytical approach. They enumerate principles and detail such technical components as "with and without" analysis, discounting, decision criteria and uncertainty assessment. The book provides especially extensive coverage of the contingent valuation method along with market valuation, the travel cost and property value methods, human life valuation, and cost-effectiveness analysis. They explain empirical methods used to perform these valuation techniques and cover survey and regression analysis as well. Most importantly, Fuguitt and Wilcox treat the topic within its real-world context--as a decision-making tool to assess a particular policy's efficiency and to provide the decision maker with necessary information. Trade-offs between efficiency and other policy objectives are also addressed, as is the interdisciplinary setting within which cost-benefit analysis is interpreted, enabling readers to understand that policy advocates and adversaries bring their own values and competing interests to bear on any decision-making process.
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Cost-Effectiveness in the Nonprofit Sector: Methods and Examples from Leading Organizations
Manufacturer: Quorum Books ProductGroup: Book Binding: Hardcover Corporate Finance
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ASIN: 0899306276 |
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This work not only makes the case that responsible nonprofit managers must routinely utilize cost-effectiveness analysis, but also gives many outstanding examples of how it can be done. The examples are drawn from prestigious nonprofit organizations as varied as the National Gallery of Art, Girls Inc., and the Nature Conservancy. Drawing on TechnoServe's search for a practical methodology to measure the cost-effectiveness of its own work, editor Schmaedick provides a unique synthesis of the principles of cost-effectiveness analysis in the opening chapter. The guidelines he provides are almost universally applicable and make cost-effective management an attainable goal for all nonprofits. Rather than subject the reader to arcane explanations of intricate mathematical formulae, Schmaedick provides hard-nosed practical directions for nonprofit managers. Those seriously interested in upgrading the management systems of their organizations to produce more results at lower costs will find this a challenging, but not intimidating, prescription.
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Cost-Effectiveness in the Nonprofit Sector
Gerald L. (Edt) Schmaedick Manufacturer: Greenwood Pub Group 01/1//1993 ProductGroup: Book Binding: Paperback ASIN: B000N5RIVQ |
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