The role of cost utility analysis in program budgeting

by Gene Fisher

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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.

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