Interpreting Cost-Benefit Analysis

Our papers are 100% unique and written following academic standards and provided requirements. Get perfect grades by consistently using our writing services. Place your order and get a quality paper today. Rely on us and be on schedule! With our help, you'll never have to worry about deadlines again. Take advantage of our current 20% discount by using the coupon code GET20


Order a Similar Paper Order a Different Paper

Application: Interpreting Cost-Benefit Analyses

Cost-benefit analyses are designed to do just what their name implies—weigh the costs and benefits of a program or policy. This is important because, in a world of finite resources, people want to make sure that funds are allocated to programs that are as financially efficient as possible, thereby maximizing the impact of each dollar. As mentioned in this week’s Discussion, cost-benefit analysis is a type of program evaluation. To use this type of analysis, researchers weigh costs and benefits in economic terms, in other words, analysts must determine what the costs and benefits of a program or policy are (i.e., the variables) and assign monetary values to these variables. It sounds easy enough but can sometimes be complicated when non-economic costs and benefits (e.g., enhanced neighborhood beauty, psychological damage caused by a crime, or job satisfaction) must be assigned a monetary value. It is important to note that cost-benefit analysis differs from cost-effectiveness analysis in that the latter compares program costs to program outcomes.

For this Application Assignment, you evaluate the cost-benefit analysis of the program presented in the article, “A Cost-Benefit Study of a Breaking the Cycle Program for Juveniles.” As you examine the study, locate the key variables and consider the findings. Then consider whether you would continue or discontinue the program, based on the evidence presented in the study. As you formulate your answer, think about the advantages and disadvantages of continuing or canceling the program and the potential consequences for the affected community.

The assignment (2–3 pages):

  • Describe the key variables within the study and provide a summary of the analysis.
  • Explain whether you would continue or discontinue the program, based on the evidence provided in the analysis, and why.
  • Finally, explain potential consequences of your decision for the affected community.

MUST BE MINIMUM 2 FULL PAGES, 12 FONT, TIMES NEW ROMAN

Must use this source:

Article: Cowell, A. J., Lattimore, P. K., & Krebs, C. P. (2010). A cost-benefit study of a breaking the cycle program for juveniles Click for more options . Journal of Research in Crime and Delinquency, 47(2), 241–262.

Retrieved from the Walden Library using the Sage database.
A cost-benefit study of a breaking the cycle program for juveniles 47(2) by Cowell, A. J., Lattimore, P. K., & Krebs, C. P. Copyright 2010 by SAGE PUBLICATIONS INC. JOURNALS. Reprinted by permission of SAGE PUBLICATIONS INC. JOURNALS via the Copyright Clearance Center.

Writerbay.net

We offer the best essay writing services to students who value great quality at a fair price. Let us exceed your expectations if you need help with this or a different assignment. Get your paper completed by a writing expert today. Nice to meet you! Want 15% OFF your first order? Use Promo Code: FIRST15. Place your order in a few easy steps. It will take you less than 5 minutes. Click one of the buttons below.


Order a Similar Paper Order a Different Paper