Explain what is meant by “contribution analysis”. Carefully define the term and provide examples to illustrate it.
Can you think of a recent example where you had to evaluate the incremental costs and benefits of different options in order to make a decision? In 300 words or more, please, provide your response to the above discussion question. Substantive responses use theory, research, and experience or examples to support ideas and further the class knowledge on the discussion topic.
Contribution analysis is an approach to assessing the performance of policies and programs towards an outcome or outcomes. As Douglas (2012) defines it, “contribution analysis is a form of cost benefit analysis.” Douglas continues to state that while the benefits are confined to the incremental revenues, the costs are on the other side inclined to the incremental costs. But what does this incremental costs and revenue mean. By definition..