Although two economic methods, cost effectiveness and benefit-cost analysis, are frequently mentioned as useful tools for educational decision making, only one, cost effectiveness, has potential for making a contribution to this field. A benefit-cost analysis tries for each alternative to measure benefits and costs, which are then discounted to…

This document reports on the efforts of the South Carolina State Department of Education to develop a comprehensive educational planning capability. An assessment model and a dynamic model were developed to help in the identification of educational needs and in the evaluation of public education in the State. The assessment model relates…