Figures of Merit: Use and Interpretation in Evaluating Program Alternatives.

Abstract

This technical paper defines three figures of merit: the standard benefit cost ratio, net benefit, and the research and development (R&D) leverage ratio. It then discusses the mathematical relationships which exist among the figures of merit. Specific attention is given to the conditions under which the R&D leverage ratio is greater than the standard benefit cost ratio. Finally, a brief discussion is presented of subjective factors that must be considered in interpreting these figures of merit for the purpose of selecting from among a number of program alternatives. (Author)

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Document Details

Document Type
Technical Report
Publication Date
Jun 01, 1982
Accession Number
ADA117233

Entities

People

  • Thomas A. Boynton

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  • Air Force Research Laboratory

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  • Air Force
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  • Standards
  • Task Performance And Analysis
  • Test And Evaluation

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  • Life Cycle Cost Analysis
  • Regression Analysis.