“Best value for money” in procurement

Value for Money

The Economics of Managerialism and the Drive for Value for Money in Policing: Best Value Performance Indicators vs. Efficiency Rankings

The UK has recently proposed to develop a set of criteria whereby the economic analysis of police force efficiency is to be made standard. This follows a strategy of aiming for improvement through managerialism and Best Value Performance Indicators (BVPIs), similar to those implemented by US police forces after the Government Performance and Results Act 1993. In this paper we attempt to put thi...

Which Interventions Offer Best Value for Money in Primary Prevention of Cardiovascular Disease?

BACKGROUND Despite many decades of declining mortality rates in the Western world, cardiovascular disease remains the leading cause of death worldwide. In this research we evaluate the optimal mix of lifestyle, pharmaceutical and population-wide interventions for primary prevention of cardiovascular disease. METHODS AND FINDINGS In a discrete time Markov model we simulate the ischaemic heart ...

Discharge reductions--value for money?

Through the Nuclear Liabilities Management Authority White Paper, the UK Government and the Regulators have signalled a commitment to further improving the operation of the regulatory regime and to its operating within the principles of proportionality, transparency, consistency and accountability which underpin the Government's approach to regulation in general. Particular emphasis is placed u...

Show Me the Money: Comparing the Business Value of Traditional and Electronic B2b Procurement Systems

With organizational investments in B2B e-commerce expected to soar, it is important for senior managers to develop a better understanding of the business value of such investments. We propose a model of B2B e-procurement technologies impacts, emphasizing their ability to enhance search, evaluation and selection when product prices are negotiated in advance and only product availability varies. ...