Economic Analysis of Alternative Military Housing Accommodations,
Abstract
The objective of an economic analysis of housing options for the military as conducted in Pacific Ocean Division (POD) has been to determine the most cost effective means of housing military personnel and their dependents. In a nutshell, an economic housing study looks at usually three or more alternatives to needed additional or upgraded housing, and performs an analysis of the net present value of costs of the alternatives. The calculations are performed with the POD-developed computer program, ECONS, designed especially for housing studies, although its flexibility allows for other applications in the area of benefit cost analysis. Perhaps the most unique and powerful aspect of ECONS is the ability to perform prescribed sensitivity analysis iterations, so that the validity of the outcome can be tested for its sensitivity to potential variation in the values of selected input variables or groups of variables. The program also produces certain output for graphics; study results of economic analysis of military housing alternatives are no exception to the adage, a picture is worth a thousand words.
Document Details
- Document Type
- Technical Report
- Publication Date
- Oct 01, 1982
- Accession Number
- ADP002646
Entities
People
- B. D. Swenson
- M. G. Hopkins
- M. S. Fenton
- W. T. Hunt
Organizations
- United States Army Corps of Engineers