Competitive bidding has recently received considerable attention in the literature of economics and operations research. Unfortunately, the classic formulation of the problem developed by Friedman and still expounded (Stark and Mayer) can lead to an incorrect estimate of the expected profit for a bidder when uncertainty about the cost of…

Estimating the probability that a proposed bid will win is obviously a central problem in competitive bidding theory. Unfortunately, a method for doing this, which originated with Friedman and which continues to be expounded in the literature, is logically incorrect. This paper points out the deficiency in that formulation. (Author/MLF)

An economic analysis of the Open University with an attempt to examine the economic implications of establishing an open learning system in the United States. (Author)

This report presents the results of a national survey of environmental laboratories conducted by the Alabama Department of Health for the purpose of soliciting information on certain selected operating and management parameters. The survey was directed primarily to state environmental laboratories, but included Federal, local and private…

Discusses and responds to criticisms of ten indices proposed for monitoring the operations of a training development group as a means of detecting problems and evaluating the impact of management decisions: productivity, timeliness, effectiveness, project efficiency, curriculum efficiency, cost, value, developmental process, personnel development,…

The major aim of this paper is to try to develop a cost analysis system model appropriate to the projects of the Center for Urban Education. Cost analysis can be viewed as an application of the economic concept of system analysis. The analysis always moves from a base that represents the existing capability and resources. The problem is to…

The goal of this study was to determine the level of educational expenditure necessary to make ample provision for the education of all students, providing all students with the skills to meet long-term academic standards, pursue additional learning beyond high school, and become productive citizens and contributing members of society. This study…

Approximately 2,700 books, pamphlets, and articles from all over the world published before October 1967, are listed in this annotated bibliography on public expenditure decision making. Emphasis is on the economic criteria of decision making derived through use of systematic and analytical methods. Entries are organized into 33 general…

In 1998, the National Commission on the Cost of Higher Education issued a report calling on the nation's colleges and universities to increase their public accountability and to develop better consumer information about costs and prices. In response, the staff of the National Association of College and University Business Officers began to…

This paper presents a complex, hybrid, method of cost analysis of online courses, which incorporates data on expenditures; student/course enrollment; departmental consumption/contribution; space utilization/opportunity costs; direct non-personnel costs; computing support; faculty/staff workload; administrative overhead at the department, dean, and…

The study attempted to determine the feasibility of performing a cost-effectiveness analysis comparing the cooperative method to methods which do not use work experience in vocational training. Twelve school districts in Minnesota, North Carolina, and Ohio provided data for the study, involving the design of data collection instruments for cost…