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Table 2 Outputs of the MCBT

From: Towards a ‘smart’ cost–benefit tool: using machine learning to predict the costs of criminal justice policy interventions

Excel tab

Description

Cost section

Calculation of overall expenditure of one or more intervention programs

 Total costs

A display of the total costs after the implementation of a program, including both best and worst case scenarios, and compares costs of the intervention with the status quo

 Costs with economics

A display of the costs with and without inflation and discount rate for each year

 Costs to bearers

A display of the costs for each bearer, including the costs of each year of intervention, total costs of the intervention and the average annual costs

Benefit section

Calculation of financial benefit of a program

 Cost-effectiveness

A display of the cost-effectiveness outcomes including the cost-effectiveness ratio

 Cost–benefit

A display of the cost–benefit outcomes including the cost–benefit ratio and net benefit

 Benefits with economics

A display of the benefits with and without inflation and discount rate for each year

 Savings and benefits to bearers

A display of the benefits for each bearer/recipient, including the benefits by year of intervention, total benefits of the intervention and the average annual benefits