Educational Benefit-Cost Analysis and the Problem of Scale [microform] / Gordon A. Welty
- Bib ID:
- 5218224
- Format:
- Book and Microform
- Author:
- Welty, Gordon A
- Online Version:
- https://eric.ed.gov/?id=ED047387
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- Description:
-
- [Washington, D.C.] : Distributed by ERIC Clearinghouse, 1971
- 10 p.
- Summary:
-
Benefit-cost analysis consists of establishing ratios of benefits to costs for a set of project variants. The decision rule is to select that project variant where the ratio is a maximum. This paper argues that specification and estimation errors can contribute to findings for large-scale systems of benefit-cost ratios approximating zero. The feasibility of descriptive, structural, and experimental approaches to benefit-cost analysis is discussed. A benefit-cost model is presented for the small-scale educational project. This model is generalized to a large-scale system, and it is demonstrated that scaleup factors such as communication and control in the organization, often overlooked, provide specification errors that contribute to the finding of negligible benefit-cost ratios. (Author)
- Notes:
-
- ERIC Note: Paper presented at American Educational Research Association Annual Meeting (55th, New York, New York, February 4-7, 1971).
- May also be available online. Address as at 14/8/18: https://eric.ed.gov/
- Reproduction:
- Microfiche. [Washington D.C.]: ERIC Clearinghouse microfiches : positive.
- Subject:
- Available From:
- ERIC
- Copyright:
-
In Copyright
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Copyright status was determined using the following information:
- Material type:
- Literary, dramatic or musical work
- Published status:
- Published
- Publication date:
- 1971
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