Estimating the Dollar Value Contribution of Human Resource Intervention Programs: Some Comments on the Brogden Utility Equation

Kenneth S. Law
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Kenneth S. Law: Department of Management, Hong Kong University of Science and Technology, Clear Water Bay, Hong Kong.

Australian Journal of Management, 1995, vol. 20, issue 2, 197-206

Abstract: This paper addresses the issue of interpreting dollar value utility estimates using the Brogden utility equation. It shows that estimates of the standard deviation of job perfor Mance in dollars (SDy) must be compatible with the effect size measure in order to produce meaningful final utility estimates. With this interpretation of the utility estimates, it is argued that most existing SD y estimation methods would not produce accurate utility estimates of future cash flow.

Keywords: UTILITY ANALYSIS; HUMAN RESOURCE PLANNING; DOLLAR VALUE; UTILITY; SDy; MATHEMATICAL MODELS; STANDARD DEVIATION (search for similar items in EconPapers)
Date: 1995
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Persistent link: https://EconPapers.repec.org/RePEc:sae:ausman:v:20:y:1995:i:2:p:197-206

DOI: 10.1177/031289629502000205

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