Efficiency Indicators for Education and Training

The indicators Staff Student Radio, Cost per Student per Unit Time, and Cost per graduate are discussed with emphasis on the analysis of their properties for the use as indicators for CNET to monitor efficiency of the training establishment both overall, and at different levels. The arguments show that the cost per graduate is the most appropriate indicator for a single course. Methods are derived to determine appropriate methods of aggregation for multiple courses. The derived indicators have the mathematical form of the Laspeyres and Paasch indicators, used in economic theory for the cost of living index. They are applied to 60 courses of SSC San Diego and compared to indicators determined by linear regression based on the same data set.