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Benefit-Cost Analysis and the Social Service Agency: A Model for Decision Making
Abstract
The methodology of one of the analytical tools increasingly used in
data analysis on the Planning, Programming, & Budgeting System --
benefit-cost analysis -- is reviewed. A model for using benefit-cost
analysis at the agency or program level as an aid in decision making
is presented, using a five-step procedure: (1) statement of
objectives, (2) cost attribution, (3) benefit projection, (4) data
analysis, & (5) decision making. A value-weighted mechanism for
benefit determination is introduced as part of this procedure. A
simulation is used to demonstrate the model. Although benefit-cost
analysis is a limited tool & does not supplant the role of the
decision-maker, it can be a useful device in organizing the data needed
to make competent decisions about social service delivery. 1 Table.
Modified HA.
Journal
(Fall 1978)
vol2
no3
pages271-282
Categories
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Nonprofit Management
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Financial Planning and Management
