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    Cost Benefit Analysis

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    Cost Benefit Analysis for Distance Education at the FAA
    #1 Convert 1% of programs to distance learning and then grow the percentage at 3% per year.
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    COST BENEFIT ANALYSIS
    1. Scenario 1 the total benefits calculated upto the year 2005 are 67,624, the total costs are 33,028 and the total net benefits gained from the scenario are 34, 596.
    2. Scenario 2 the total benefits calculated upto the year 2005 are 182,612 the total costs are 75,424 and the total net benefits gained from the scenario are 107,188.
    3. Scenario 3 the total benefits calculated upto the year 2005 are 216,416 the total costs are 91,004 and the total net benefits gained from the scenario are 125,412.

    So according to the cost benefit analysis, scenario 3 is the most preferred scenario.
    Analytic Hierarchy Process
    The Analytic Hierarchy Process (AHP) is a powerful and flexible decision making process to help people set priorities and make the best decision when both qualitative and quantitative ...

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