Cost-Benefit Analysis of Developmental Prevention

2018 ◽  
pp. 725-746
Author(s):  
Jobina Li ◽  
Cameron McIntosh
Keyword(s):  
Crime Prevention ◽  
Return On Investment ◽  
Cost Benefit Analysis ◽  
Cost Benefit ◽  
Life Course Perspective ◽  
Benefit Analysis ◽  
Program Outcomes ◽  
Financial Return ◽  
Program Costs ◽  
Developmental Crime Prevention

This chapter provides a cost-benefit analysis of developmental crime prevention. From a life-course perspective, developmental prevention offers an intriguing solution to address growing concerns regarding current criminal justice practices, given the growing body of research that suggests that this type of intervention is both results-oriented and fiscally responsible. To this end, this chapter lays out the case for the economics of developmental crime prevention. It next provides an overview of the methodological basis, and related considerations, of a cost-benefit analysis, which assigns monetary values to program outcomes relative to program costs so as to provide an estimate of the financial return on investment. The chapter then reviews the leading cost-benefit analysis studies in developmental crime prevention today and offers a glimpse at the future of such research.

An Economic Analysis and Approach for Health Care Preparedness in a Substate Region

2015 ◽  
Vol 9 (4) ◽  
pp. 344-348 ◽  
Author(s):  
Benoit Stryckman ◽  
Thomas L. Grace ◽  
Peter Schwarz ◽  
David Marcozzi
Keyword(s):  
Health Care ◽  
Emergency Response ◽  
Return On Investment ◽  
Catchment Area ◽  
Cost Benefit Analysis ◽  
Cost Benefit ◽  
Benefit Analysis ◽  
Response Team ◽  
The Cost ◽  
Positive Return

AbstractObjectiveTo demonstrate the application of economics to health care preparedness by estimating the financial return on investment in a substate regional emergency response team and to develop a financial model aimed at sustaining community-level disaster readiness.MethodsEconomic evaluation methods were applied to the experience of a regional Pennsylvania response capability. A cost-benefit analysis was performed by using information on funding of the response team and 17 real-world events the team responded to between 2008 and 2013. By use of the results of the cost-benefit analysis as well as information on the response team’s catchment area, a risk-based insurance-like membership model was built.ResultsThe cost-benefit analysis showed a positive return after 6 years of investment in the regional emergency response team. Financial modeling allowed for the calculation of premiums for 2 types of providers within the emergency response team’s catchment area: hospitals and long-term care facilities.ConclusionThe analysis indicated that preparedness activities have a positive return on their investment in this substate region. By applying economic principles, communities can estimate their return on investment to make better business decisions in an effort to increase the sustainability of emergency preparedness programs at the regional level. (Disaster Med Public Health Preparedness. 2015;9:344–348)

Communicating Value in Simulation: Cost Benefit Analysis and Return on Investment

2017 ◽  
Author(s):  
Carl V. Asche ◽  
Minchul Kim ◽  
Alisha Brown ◽  
Antoinette Golden ◽  
Torrey A. Laack ◽  
...  
Keyword(s):  
Return On Investment ◽  
Cost Benefit Analysis ◽  
Cost Benefit ◽  
Benefit Analysis

scholarly journals Communicating Value in Simulation: Cost-Benefit Analysis and Return on Investment

2017 ◽  
Vol 25 (2) ◽  
pp. 230-237 ◽  
Author(s):  
Carl V. Asche ◽  
Minchul Kim ◽  
Alisha Brown ◽  
Antoinette Golden ◽  
Torrey A. Laack ◽  
...  
Keyword(s):  
Return On Investment ◽  
Cost Benefit Analysis ◽  
Cost Benefit ◽  
Benefit Analysis
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