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Guest lecture

Getting Value for Money - a New Approach

Event series: 

Dr Paul Hansen

The ‘new approach’ referred to in the title involves the application of techniques from Multi- Criteria Decision-Making (MCDM) to ‘Value-for-Money’ evaluations of government programmes – at any level of aggregation (e.g. across the public sector overall, government departments, units, etc) – as implemented via 1000Minds software. First, Paul will briefly cover the basic ideas behind MCDM and also survey decision-support software tools which are available internationally. For the main part of the talk, Paul will give a ‘live’ demonstration of 1000Minds as applied to thinking about Value for Money when allocating a budget (or ‘resources’, more generally). Along the way, he will address how MCDM relates to Cost-Benefit Analysis and include things like Pareto efficiency.

Paul is an associate professor at the Department of Economics, University of Otago. As well as other areas such as Health Economics, he is interested in prioritisation decisionmaking methods. With Franz Ombler, Paul is the inventor of 1000Minds software.

Where: Level 5, The Treasury, 1 The Terrace

When: 1:30 pm - 3:00 pm Tuesday 6 April 2010

RSVP: Lyn Crossley by Tuesday 30 March 2010

Venue map

Last updated: 
Tuesday, 25 May 2010