Summary
The government isn't driven by profit, neither are nonprofit organizations. The goal in these organizations is to promote the general welfare of their respective populations. Because the goals are different from for-profit companies, the decision techniques also differ. This chapter explained decision analysis in those not-for-profit organizations.
Benefit-cost analysis is one of the most widely used methods for evaluating nonprofit proposals. A proposal will be desirable only when the net benefits are greater than the net costs. Benefit-cost analysis of multiple proposals must be done incrementally.
A more recent technique for analyzing not-for-profit decisions is cost-effectiveness analysis. There are two versions of cost-effectiveness ...
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