Author: David Lewis
Publisher:
ISBN:
Category : Highway departments
Languages : en
Pages : 96
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Book Description
The Product Evaluation Model (PEM) is designed to enable the Product Resource Investment Deployment and Evaluation (PRIDE) program of the Arizona Department of Transportation (ADOT) to determine the likelihood that a new product is a worthwhile investment from an economic point of view, namely that its benefits outweigh its costs. The model defines characteristics, (or "attributes"), associated with products, utilizes their appropriate units of measure (metrics) and translates these product characteristics into the estimated costs and benefits that occur over a user-defined analysis period. The main feature of the model is to measure the relative change in metrics that occurs with the use of a new product and to forecast the net present value (NPV), or the discounted, present day value of all benefits minus all costs, associated with this change. The resulting estimate of economic benefits allows transportation officials to rank or choose among alternative products based on economic criteria. This volume is the second in a series of two. Volume I is the final project report, containing information on the technical background, analytic approach and verification of the PEM
Author: David Leonard Lewis
Publisher:
ISBN:
Category : Highway departments
Languages : en
Pages : 262
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Book Description
The Product Evaluation Model (PEM) is designed to enable the Product Resource Investment Deployment and Evaluation (PRIDE) program of the Arizona Department of Transportation (ADOT) to determine the likelihood that a new product is a worthwhile investment from an economic point of view, namely that its benefits outweigh its costs. The model defines characteristics, (or "attributes"), associated with products, utilizes their appropriate units of measure (metrics) and translates these product characteristics into the estimated costs and benefits that occur over a user-defined analysis period. The main feature of the model is to measure the relative change in metrics that occurs with the use of a new product and to forecast the net present value (NPV), or the discounted, present day value of all benefits minus all costs, associated with this change. The resulting estimate of economic benefits allows transportation officials to rank or choose among alternative products based on economic criteria. This volume is the second in a series of two. Volume I is the final project report, containing information on the technical background, analytic approach and verification of the PEM
Author:
Publisher:
ISBN:
Category : Education
Languages : en
Pages : 734
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Book Description
Author:
Publisher:
ISBN:
Category : Science
Languages : en
Pages : 802
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Book Description
Author:
Publisher:
ISBN:
Category : Power resources
Languages : en
Pages : 872
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Book Description
Author:
Publisher:
ISBN:
Category : Government publications
Languages : en
Pages : 1064
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Book Description
Author:
Publisher:
ISBN:
Category : Government publications
Languages : en
Pages : 1060
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Book Description
Author:
Publisher:
ISBN:
Category : Industrial engineering
Languages : en
Pages : 168
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Book Description
Author: United States. Environmental Protection Agency
Publisher:
ISBN:
Category : Environmental protection
Languages : en
Pages : 248
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Book Description
Author: Henry M. Levin
Publisher: SAGE Publications
ISBN: 148338179X
Category : Education
Languages : en
Pages : 377
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Book Description
The past decade has seen increased attention to cost-effectiveness and benefit-cost analysis in education as administrators are being asked to accomplish more with the same or even fewer resources, philanthropists are keen to calculate their "return on investment" in social programs, and the general public is increasingly scrutinizing how resources are allocated to schools and colleges. Economic Evaluation in Education: Cost-Effectiveness and Benefit-Cost Analysis (titled Cost-Effectiveness Analysis: Methods and Applications in its previous editions) is the only full-length book to provide readers with the step-by-step methods they need to plan and implement a benefit-cost analysis in education. Authors Henry M. Levin, Patrick J. McEwan, Clive Belfield, Alyshia Brooks Bowden, and Robert Shand examine a range of issues, including how to identify, measure, and distribute costs; how to measure effectiveness, utility, and benefits; and how to incorporate cost evaluations into the decision-making process. The updates to the Third Edition reflect the considerable methodological development in the evaluation literature, and the greater empiricism practiced by education researchers, to help readers learn to apply more advanced methods to their own analyses.
