Abstract
A model is developed to apply economic aspects of present worth to the process of evaluating and selecting large systems in state government. This effort is comprised of two distinct activities one is theory and the other is application. The theory aspect involves the development of the economic model as a theoretical basis for the evaluation and selection process. To apply the model a comprehensive flow netwrok is developed to aid in the identification of activitie s which contribute to the cash flow during the life of the study and of the operation of the chosen system. The overall effort related to the system's selection and operation is divided in to component functions. Each function is dealth with by specifying activities which it comprises. Ultimately cost and cash flow is determined for each of the alternative systems. The application of present worth concepts becomes very pronounced in that candidate systems are expected to have different cash flow patterns due to various primary considerations such as delivery schedules, education, or conversion costs. ...
Blose, William Foster (1973). An economic model for evaluation and selection of large systems in state government. Texas A&M University. Texas A&M University. Libraries. Available electronically from
https : / /hdl .handle .net /1969 .1 /DISSERTATIONS -187380.