An economic analysis of re-locating the physical evaluation board's formal Hearing Panel from Bethesda, MD to Portsmouth, VA
Surdyke, Terry M.
Vitelli, Joseph M.
Shu S. Liao
Moses, Douglas O.
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The Naval Council of Personnel Boards requested an economic analysis of the potential re-location of the their formal Hearing Panel from Bethesda, MD to Portsmouth, VA. The goal of this thesis is to assist the Director, Naval Council of Personnel Boards, by providing a formal economic analysis. OMB circular A-94 is used as the guideline in conducting this thesis. Therefore, as is prescribed, the net present value model is utilized to present the quantifiable results In this case, in consideration of the incremental costs and benefits, the net present value of relocating the Hearing Panel is $4O3,764. Additionally, the analysis indicates the time to recoup the initial investment (payback period) is 1.74 years and the internal rate of return is approximately 57%. Furthermore, there are some other issues (non-quantifiable) that are discussed in this analysis. The quantifiable results and non-quantifiable issues are presented to assist the decision maker in determining whether or not to relocate the Hearing Panel.
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