Implementation of Cost Benefit Analysis in Educational Investment at Warugunung II Public Elementary School
DOI:
https://doi.org/10.61536/ambidextrous.v5i03.981Keywords:
Cost-Benefit Analysis, Educational Investment, Educational Financing, Benefit-Cost Ratio, Elementary SchoolAbstract
Education is a long-term investment to improve human resource quality, productivity, income, and community welfare. This study aims to outline the fundamental concepts and principles of cost-benefit analysis (CBA) in educational investment and describe its implementation at Warugunung II Elementary School, Surabaya. This study applies a descriptive qualitative approach with data collection methods that include observation, interviews, and documentation. Data analysis is conducted descriptively through the process of data collection, information categorization, data presentation, and drawing conclusions. The results show that educational institutions have implemented CBA principles in real terms, taking into account student needs, funding availability, number of users, and duration of facility use. Unfortunately, these considerations are still not supported by a formal and detailed cost-benefit analysis, so indicators such as Benefit-Cost Ratio (BCR), Net Present Value (NPV), and Internal Rate of Return (IRR) has not yet been implemented. A more structured CBA, which records costs and benefits, is recommended to support budget prioritization while still considering non-financial benefits in education
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