Cost-Effectiveness: A Primer: 004 (New Perspectives on Evaluation) Book

In times of economic recession, cost-effectiveness and business evaluation assume a very important role in resource planning. All business ventures discover the need to maximize the utility of their limited supply of funds.Here Levin introduces to administrators and evaluators alike the principles and practice of cost-effectiveness analysis -- to take account of both the costs and the effects of selecting alternatives, and suggests methods of minimizing the costs of research. This is in an 'in-depth' study, focusing on education as an example of a field where such analysis can be applied.Using worked examples, Levin discusses what is meant by cost-effectiveness analysis in order to help educational evaluators and administrators understand the concepts, uses, and applications of cost-effectiveness analysis within a decision-oriented context, while creating a basic course of study for those who continue to study the subject. Levin realises that not all environments can be assessed in the same way, since different criteria obtain, and different information is available for each different occasion. Cost-effective analysis is therefore studied in relation to cost-benefit analysis, cost-utility analysis, and cost-feasibility analysis, in the hope that the work might prime the reader to deal with any evaluation situation.Read More