Human Resource Accounting (Replacement Cost) and Its Cognitive Impact on Management Decisions.
Abstract
The study was designed and conducted as a partial test of the value of human resource accounting, specifically, replacement cost and its cognitive impact on a Navy manager's personnel decisions. The purpose of this thesis was to develop a human resource replacement cost model that could be adapted to the Navy system. Implementation of the model should impact on the decisions of the Navy manager concerning management of human assets. The Delphi technique was used to test the model and to elicit the opinion of a group of Navy managers concerning human resource management and replacement costs. It was found that there was limited personal knowledge about actual replacement costs of Navy personnel. Navy managers fail to grasp the concept of using replacement costs as a surrogate measure of the potential future utility of the human resource. The Navy manager's concern, therefore, appeared more intuitive and social rather than pragmatic and practical. (Author)
Document Details
- Document Type
- Technical Report
- Publication Date
- Jun 01, 1974
- Accession Number
- AD0782313
Entities
People
- Gary Thayne Davis
Organizations
- Naval Postgraduate School