Accession Number : ADA117233

Title :   Figures of Merit: Use and Interpretation in Evaluating Program Alternatives.

Descriptive Note : Final technical paper,

Corporate Author : AIR FORCE HUMAN RESOURCES LAB BROOKS AFB TX

Personal Author(s) : Boynton,Thomas A

PDF Url : ADA117233

Report Date : Jun 1982

Pagination or Media Count : 6

Abstract : This technical paper defines three figures of merit: the standard benefit cost ratio, net benefit, and the research and development (R&D) leverage ratio. It then discusses the mathematical relationships which exist among the figures of merit. Specific attention is given to the conditions under which the R&D leverage ratio is greater than the standard benefit cost ratio. Finally, a brief discussion is presented of subjective factors that must be considered in interpreting these figures of merit for the purpose of selecting from among a number of program alternatives. (Author)

Descriptors :   *Resource management, *Mathematical models, Cost analysis, Predictions, Probability, Forecasting, Economic analysis, Research management

Subject Categories : Information Science
      Statistics and Probability

Distribution Statement : APPROVED FOR PUBLIC RELEASE