Social return on investment (SROI), including elements on cost–benefit analysis

2017 ◽  
pp. 57-76 ◽  
Author(s):  
Massimo Costa
Keyword(s):  
Return On Investment ◽  
Cost Benefit Analysis ◽  
Cost Benefit ◽  
Benefit Analysis ◽  
Social Return On Investment

scholarly journals Issues in Using Social Return on Investment as An Evaluation Tool

2017 ◽  
Vol 17 (3) ◽  
pp. 32-39 ◽  
Author(s):  
Kuda Muyambi ◽  
Bruce Gurd ◽  
Lee Martinez ◽  
May Walker-Jeffreys ◽  
Kari Vallury ◽  
...  
Keyword(s):  
Return On Investment ◽  
Cost Benefit Analysis ◽  
South Australia ◽  
Cost Benefit ◽  
Rehabilitation Program ◽  
Theory Of Change ◽  
Benefit Analysis ◽  
Evaluation Tool ◽  
Social Return On Investment ◽  
High Level

Social return on investment (SROI) is an approach built on cost benefit analysis and is used in the evaluation of projects with social benefits, as an alternative to cost benefit analysis and theory-based evaluation. This paper provides an analysis of SROI as an evaluation tool compared to theory-based evaluation, based on an evaluation of a community based mental health rehabilitation program in regional South Australia. The paper describes the process of constructing a SROI impact map and identifies the issues at each stage. Establishing the resources used, the activities and the outputs appears relatively straightforward. Arriving at an agreed theory of change is much more contested, even when using a high level of involvement of the service beneficiaries. The single greatest difficulty is to find the indicators and the financial proxies to value the outcomes. Outcomes such as improved wellbeing are difficult to value. It is particularly difficult to establish the level of outcomes immediately after or during an intervention. The paper concludes with an analysis of landscapes where SROI is unlikely to fit.

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

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.

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

Return on investment, social return on investment, and the business case for prevention

2019 ◽  
pp. 279-300
Author(s):  
Joanna M. Charles ◽  
Alice Jones ◽  
Huw Lloyd-Williams
Keyword(s):  
Return On Investment ◽  
Cost Benefit Analysis ◽  
Cost Benefit ◽  
Business Case ◽  
Illustrative Case ◽  
Bottom Line ◽  
Worked Example ◽  
Seven Principles ◽  
Social Return On Investment ◽  
Illustrative Case Study

This chapter describes social return on investment (SROI) analysis as a method to calculate a wider concept of value of an intervention from each £1 invested, across the ‘triple bottom line’ of economic, social, and environmental value. The method is underpinned by seven principles and can be considered a practical, stakeholder adaptation of cost–benefit analysis, although there are important differences between these two methods. This chapter outlines the method, providing an illustrative case study of applying SROI analysis to housing improvements to highlight each stage of the analysis and provide a worked example of the method. The merits and limitations of this relatively new method are also discussed, including reasons for the increased use of the approach for economic evaluation of PHIs. The role of SROI in producing a pragmatic business case for prevention is also discussed.

Sign in / Sign up

Export Citation Format

Share Document