A Model for Determining Cost and Training Effectiveness Tradeoffs for Training Equipment
HONEYWELL INC WEST COVINA CA
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This paper reports the status of Phase I of an ongoing project to develop a macro model describing the decisions involved in developing training equipment. The purpose of the model is to assist managers in making such decisions by providing information concerning the tradeoffs between cost and training effectiveness caused by different configurations and choices of equipment. After the development of a preliminary model, field research was conducted to determine the feasibility of testing such a model and to collect information to expand the preliminary version into a more pragmatic tool.
- Economics and Cost Analysis
- Test Facilities, Equipment and Methods