A Guidebook for Economic Analysis in the Naval Education and Training Command.

Abstract : This guidebook on economic analysis was prepared by the Training Analysis and Evaluation Group (TAEG) in cooperation with the Resources Management Division (Code N-62) of the Chief of Naval Education and Training (CNET). It is designed to be used by individuals within the Naval Education and Tranining Command who lack experience and training in the techniques of economic analysis but who are required, aperiodically, to perform these analyses. The guidebook is intended to provide a systematic step-by-step approach to economic analysis of resource allocation problems. Discussions of the concepts, assumptions, and principles underlying the analytical techniques employed are intentionally omitted. These underlying bases are well documented in numerous publications. Many of these sources are referenced in this report and are available for those desiring more detailed information. Throughout the guidebook a number of 'rules of thumb' are offered. These are provided without explanation or justification in keeping with the intent of this document.