scholarly journals Benefit–Cost Analysis of Undergraduate Education Programs: An Example Analysis of the Freshman Research Initiative

2018 ◽  
Vol 17 (1) ◽  
pp. rm1 ◽  
Author(s):  
Rebecca L. Walcott ◽  
Phaedra S. Corso ◽  
Stacia E. Rodenbusch ◽  
Erin L. Dolan
Keyword(s):  
Economic Evaluation ◽  
Cost Analysis ◽  
Education Program ◽  
Undergraduate Education ◽  
Cost Ratio ◽  
Systematic Analysis ◽  
Benefit Cost Analysis ◽  
Benefit Cost Ratio ◽  
Research Initiative ◽  
Benefit Cost

Institutions and administrators regularly have to make difficult choices about how best to invest resources to serve students. Yet economic evaluation, or the systematic analysis of the relationship between costs and outcomes of a program or policy, is relatively uncommon in higher education. This type of evaluation can be an important tool for decision makers considering questions of resource allocation. Our purpose with this essay is to describe methods for conducting one type of economic evaluation, a benefit–cost analysis (BCA), using an example of an existing undergraduate education program, the Freshman Research Initiative (FRI) at the University of Texas Austin. Our aim is twofold: to demonstrate how to apply BCA methodologies to evaluate an education program and to conduct an economic evaluation of FRI in particular. We explain the steps of BCA, including assessment of costs and benefits, estimation of the benefit–cost ratio, and analysis of uncertainty. We conclude that the university’s investment in FRI generates a positive return for students in the form of increased future earning potential.

A Hybrid Approach Based on the Fuzzy AHP and Benefit Cost Analysis to Evaluating Cutting Blade Alternatives

2013 ◽  
Vol 364 ◽  
pp. 513-518 ◽  
Author(s):  
Chen Wei Xu ◽  
Jin Yao ◽  
Jun Li
Keyword(s):  
Cost Analysis ◽  
Manufacturing Systems ◽  
Fuzzy Ahp ◽  
Hybrid Approach ◽  
Cost Ratio ◽  
Manufacturing Cost ◽  
Benefit Cost Analysis ◽  
Benefit Cost Ratio ◽  
Consumption Cost ◽  
Benefit Cost

The cutting blade selection has been important issue for manufacturing systems due to the fact that it might affect productivity, precision and manufacturing cost. It is a multiple-criteria decision making problem for evaluating blade alternatives. In this paper, the hybrid approach is discussed,which combined the fuzzy AHP and benefit cost analysis. An improved AHP method based on triangular fuzzy number is used to analyze the cutting performance of blade alternatives. It can make up for the deficiency in the conventional AHP. Furthermore, the benefit cost analysis is carried out to evaluate the economic performance of alternatives. The benefit cost ratio is calculated by using the fuzzy AHP score and tool consumption cost. Tool consumption cost is obtained in consideration of tool service life and procurement cost. The optimal blade alternative with highest benefit/cost ratio can be found out. In addition, the proposed approach is also illustrated on a sample case study.

scholarly journals Benefit Cost Analysis of Orange Fleshed Sweet Potato (Ipomoea batatas L.) Varieties under Varying Planting Density

2019 ◽  
Vol 11 (1) ◽  
pp. 145-148
Author(s):  
Donald A. UZOIGWE ◽  
Comas O. MUONEKE ◽  
Charles C. NWOKORO ◽  
Chikezie O. ENE
Keyword(s):  
Cost Analysis ◽  
Sweet Potato ◽  
Ipomoea Batatas ◽  
Potato Production ◽  
Planting Density ◽  
Cost Ratio ◽  
Benefit Cost Analysis ◽  
Benefit Cost Ratio ◽  
Benefit Cost ◽  
Orange Fleshed Sweet Potato

An investigation was conducted at the National Root Crops Research Institute, Umudike and at the Research Farm of Michael Okpara University of Agriculture Umudike, Umuahia, Abia State (Nigeria), to determine the benefit cost analysis of orange fleshed sweet potato (Ipomoea batatas L.) varieties under varying planting density (25,000; 33,333 and 50,000 plants/ha). The output of the production was computed by the use of benefit cost ratio (BCR) of the orange-fleshed sweet potato production. The benefit cost ratio analysis indicated that enterprise was successful and growing of the ‘Melinda’ variety at 50,000 plants/ha was a more profitable enterprise. The benefit cost-cost ratio of ‘Melinda’ variety at 50,000 plants/ha in 2015 and 2016 was 1.45 and 1.56 respectively while that of ‘Tio-joe’ at 50,000 plants/ha in both cropping seasons gave a benefit cost ratio of 1.14 and 1.42 respectively. The returns from selling of the vine cuttings brought about an incredible hike in the net return of the enterprise. ‘Melinda’ at 50,000 plants/ha is recommended to farmers as the most profitable venture in this experiment.

scholarly journals Development of Benefit Cost Analysis Tools for Evaluating Transportation Research Projects

2019 ◽  
Vol 2673 (1) ◽  
pp. 123-135 ◽  
Author(s):  
Nikolai Greer ◽  
Khaled Ksaibati
Keyword(s):  
Cost Analysis ◽  
Case Studies ◽  
Cost Ratio ◽  
Research Projects ◽  
Benefit Cost Analysis ◽  
Benefit Cost Ratio ◽  
Transportation Research ◽  
Benefit Cost ◽  
Transportation Agencies

Transportation research projects are a vital element for transportation agencies to accumulate new technology and knowledge to improve the efficiency and safety of transportation infrastructure. The purpose of this paper is to develop benefit cost analysis (BCA) tools to assist transportation agencies in evaluating transportation research projects. The BCA tools provide analysis methods for estimating the benefits for changes in the level of service (LOS) of a roadway, reductions in the vehicle travel time, changes in vehicle operating costs and reductions in the number of crashes. Three case studies were investigated to illustrate the usage of the BCA tools. The first case study evaluated the effectiveness of variable speed limit systems implemented along I-80 in southern Wyoming. The BCA tools estimated a benefit cost ratio of 6.64 indicating that the implementation of the project was economically justifiable. The second case study was a recent study investigating and developing mitigation strategies for the effects of truck traffic along the I-80 in southern Wyoming resulting in a benefit cost ratio of a 9.23 indicating that the project had the potential to be economically viable upon implementation. The final case study evaluated the effect of wildlife overpass and underpass crossings on the migrations of pronghorn and mule deer. The benefit cost ratio for the research project was 0.42 indicating that the project was not economically beneficial after the first year of implementation. The case studies indicated that the BCA tools are a beneficial tool for quantifying the economic benefits of a transportation research project.

scholarly journals Benefit-Cost Analysis of Apiculture Enterprise: A Case Study of Jutpani VDC, Chitwan, Nepal

2006 ◽  
Vol 27 ◽  
pp. 119-125
Author(s):  
KH Devkota
Keyword(s):  
Cost Analysis ◽  
Sample Survey ◽  
Survey Study ◽  
Cost Ratio ◽  
Benefit Cost Analysis ◽  
Benefit Cost Ratio ◽  
Benefit Cost ◽  
Bee Colonies ◽  
Average Annual Income

A survey study was conducted to study the benefit-cost analysis of apiculture enterprise in Jutpani VDC, Chitwan district. Data were collected by interviewing randomly selected 18 beekeepers for sample survey. Benefit : Cost (BC) ratio of apiculture was computed by including and excluding the revenue obtained from colony selling. Only 61.11% of beekeepers sold bee colonies for earning income. The study revealed that BC ratios of apiculture were 2.41 and 1.58 in the case of inclusion and exclusion of the income received from the colony selling, respectively. It showed that apiculture industry was running in profit in both cases. In the former case, the BC ratio ranged from 0.97 to 6.22 and about 88.88% beekeepers were in profit. The BC ratio in the later case ranged from 0.43 to 3.41 and about 77.77% beekeepers were in profit. The number of colonies ranged from 2 to 54 with an average of 21.33 colonies per bee farm. In the former case, average annual income was Rs. 70758.33 (US$ 969.29 approximately) per farm and Rs. 49588.31 (US$ 679.29 approximately) in the later case. Likewise, the average income per colony per annum was Rs. 3317.31 (US$ 45.44) and Rs. 1777.65 (US$ 24.35 approximately) in the former and later case, respectively. Key words : Apiculture, benefit-cost ratio, beekeeper J. Inst. Agric. Anim. Sci. 27:119-125 (2006)

scholarly journals Benefit–Cost Analysis of Social Media Facilitated Bystander Programs

2021 ◽  
pp. 1-27
Author(s):  
Axel Ebers ◽  
Stephan L. Thomsen
Keyword(s):  
Social Media ◽  
Cost Analysis ◽  
Cost Model ◽  
Discrete Choice Experiments ◽  
Cost Ratio ◽  
Learning Technology ◽  
Public Attention ◽  
Benefit Cost Analysis ◽  
Benefit Cost Ratio ◽  
Benefit Cost

Abstract Bystander programs contribute to crime prevention by motivating people to intervene in violent situations. Social media allow addressing very specific target groups, and provide valuable information for program evaluation. This paper provides a conceptual framework for conducting benefit–cost analysis of bystander programs and puts a particular focus on the use of social media for program dissemination and data collection. The benefit–cost model treats publicly funded programs as investment projects and calculates the benefit–cost ratio. Program benefit arises from the damages avoided by preventing violent crime. We provide systematic instructions for estimating this benefit. The explained estimation techniques draw on social media data, machine-learning technology, randomized controlled trials and discrete choice experiments. In addition, we introduce a complementary approach with benefits calculated from the public attention generated by the program. To estimate the value of public attention, the approach uses the bid landscaping method, which originates from display advertising. The presented approaches offer the tools to implement a benefit–costs analysis in practice. The growing importance of social media for the dissemination of policy programs requires new evaluation methods. By providing two such methods, this paper contributes to evidence-based decision-making in a growing policy area.

The Benefit-Cost Analysis on Construction Project Feasibility

2013 ◽  
Vol 357-360 ◽  
pp. 2312-2315 ◽  
Author(s):  
Yan Ting Ma ◽  
Chun Jie Ma
Keyword(s):  
Cost Analysis ◽  
Net Present Value ◽  
Construction Project ◽  
Cost Ratio ◽  
Internal Rate Of Return ◽  
Present Value ◽  
Financial Evaluation ◽  
Benefit Cost Analysis ◽  
Benefit Cost Ratio ◽  
Benefit Cost

Through the concept of benefit-cost and the comparison with financial evaluation, this article expounds the method and applicability of benefit-cost analysis, and gives three indicators which are economic internal rate of return (EIRR), economic net present value (ENPV) and benefit-cost ratio (RBC) to analyze the feasibility of construction project.

scholarly journals ANALISIS INVESTASI USAHATANI KEDELAI VARIETAS TANGGAMUS DI KABUPATEN GORONTALO

2015 ◽  
Vol 11 (1) ◽  
pp. 1
Author(s):  
Zulkifli Mantau
Keyword(s):  
Cost Analysis ◽  
Net Present Value ◽  
Cost Ratio ◽  
Observation Data ◽  
Net Benefit ◽  
Benefit Cost Analysis ◽  
High Productivity ◽  
Benefit Cost Ratio ◽  
The Cost ◽  
Benefit Cost

The increase of soybeans  world price was causing of a domino effect for the Indonesian’s soybeans. Meanwhile, soybean productivity at the farm level is still low ( 1.3 t / ha ) with a range from 0.6 to 2.0 t / ha. In additional, the production technology can able to result of 1.7 to 3.2 t / ha . To solve these problems, It needs to planted the soybean that have a high productivity and efficient technically and economically.  The aims of this research are to find the investement feasibility of soybean farming (Tanggamus var.) at Puncak Village, Gorontalo District with benefit cost analysis approach (3 years projection). This research conducted at Puncak Village, Pulubala sub district, Gorontalo District. The datas was a primary observation data in the field, especially the data of soybeans farming activities for 2 seasons (1 year).  Analysis method use a benefit cost analysis. The analysis use a financial price (actual price) in the cost factors. The result showed that Net Present Value (NPV) (12%) Rp 10 269 643, Internal Rate of Return (IRR) 97.21%, Net Benefit Cost ratio (Net B/C) 2.64 and Payback periodh (PBP) 9 months or 0.7 year or 2 planted seasons.

scholarly journals Benefit–Cost Analysis of Green Roof Initiative Projects: The Case of Jung-gu, Seoul

2019 ◽  
Vol 11 (12) ◽  
pp. 3319 ◽  
Author(s):  
Eunha Shin ◽  
Heungsoon Kim
Keyword(s):  
Cost Analysis ◽  
Urban Areas ◽  
Contingent Valuation Method ◽  
Green Roof ◽  
Economic Feasibility ◽  
Policy Implications ◽  
Cost Ratio ◽  
Benefit Cost Analysis ◽  
Benefit Cost Ratio ◽  
Benefit Cost

Green roofs, which have various economic, environmental and social effects, have been acknowledged as an alternative green space in urban areas. This study aims to investigate the economic feasibility of green roof projects by conducting a benefit–cost analysis on the case of Jung-gu, Seoul. The analysis estimates and compares five different scenarios applied in the study area with a 20-year operation period in all cases. This set of scenarios aims to compare the most idealistic situation with more achievable and realistic situations, to provide policy implications for green roof initiative projects in Seoul. The analysis consists of estimating six cost items and eight benefit items. Among the benefit items, two non-marketable elements are estimated by the contingent valuation method. The scenario with 100% application of a green roof, has benefits exceeding the costs with a benefit–cost ratio of 1.174. However, the other scenarios with certain prerequisites have a benefit–cost ratio that is very close, but still smaller than 1. Therefore, it is possible to claim that green roof initiative projects are economically viable under specific conditions. However, there are many restrictions to engaging in green roof constructions for entire building rooftops.

A Benefit-Cost Analysis of the Kings County District Attorney's Office Drug Treatment Alternative to Prison (DTAP) Program

2005 ◽  
Vol 7 (1) ◽  
pp. 1-25 ◽  
Author(s):  
Gary A. Zarkin ◽  
Laura J. Dunlap ◽  
Steven Belenko ◽  
Paul A. Dynia
Keyword(s):  
Criminal Justice ◽  
Drug Treatment ◽  
Cost Ratio ◽  
Treatment Alternative ◽  
Drug Offenders ◽  
Benefit Cost Analysis ◽  
Kings County ◽  
Benefit Cost Ratio ◽  
Justice Process ◽  
Benefit Cost

In October 1990, the Kings County (Brooklyn, NY) District Attorney's Office implemented the Drug Treatment Alternative to Prison (DTAP) program to divert nonviolent felony drug offenders from prison to community-based residential drug treatment. This article presents an estimate of the costs and benefits of the DTAP program based on a cohort of DTAP participants and prison comparisons who entered treatment or prison in 1995–1996 and were tracked for 6 years. The analysis focuses on the criminal justice system (CJS) costs associated with criminal recidivism. Findings show that the DTAP program is cost-beneficial compared to the usual criminal justice process (benefit-cost ratio equals 2.17 after 6 years).

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