This Memorandum outlines the main characteristics of cost-utility analysis, and the major considerations involved in carrying it out. Two examples are given: the long-endurance aircraft systems study and a 1953 water resource project proposal. (Chap. 3 in D. Novick (ed.), Program Budgeting, Harvard University Press, 1965.)
This report is part of the RAND Corporation Research memorandum series. The Research Memorandum was a product of the RAND Corporation from 1948 to 1973 that represented working papers meant to report current results of RAND research to appropriate audiences.
This research in the public interest was supported by RAND, using discretionary funds made possible by the generosity of RAND's donors, the fees earned on client-funded research, and independent research and development (IR&D) funds provided by the Department of Defense.
The RAND Corporation is a nonprofit institution that helps improve policy and decisionmaking through research and analysis. RAND's publications do not necessarily reflect the opinions of its research clients and sponsors.