From small law offices to federal agencies, all entities within the
justice system are governed by complicated economic factors and
face daily financial decision-making. A complement to Strategic
Finance for Criminal Justice Organizations, this volume considers
the justice system from a variety of economic and financial
perspectives and introduces quantitative methods designed to
improve the efficiency and effectiveness of organizations in both
the non-profit and for-profit sectors. Using only a minimum of
theory, Economic and Financial Analysis for Criminal Justice
Organizations demonstrates how to make decisions in the justice
system using multiple financial and economic models. Designed for
readers with little knowledge of advanced mathematics, quantitative
analysis, or spreadsheets, the book presents examples using
straightforward, step-by-step processes with Excel and Linux Calc
spreadsheet software. A variety of different types of decisions are
considered, ranging from municipal bond issuance and valuation
necessary for public revenues, pension planning, capital
investment, determining the best use of monies toward construction
projects, and other resource planning, allocation, and forecasting
issues. From municipalities and police departments to for-profit
prisons and security firms, the quantitative methods presented are
designed to improve the efficiency and effectiveness of all
organizations in the justice domain.
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