Cost-Benefit Analysis Research Paper Example | Topics and Well Written Essays - 1250 words

Cost-Benefit Analysis - Research Paper Examplewith the government departments that commits prisoners and then pay the company a monthly rate per every prisoner confined in the detention center (Logan, 1997). This essay will provide a cost-effective synopsis of prison privatization, whereby all its services will be identified and added, together with the negatives and the cost. The differences between the two will then be figured out to determine whether the idea is advisable. check to William (1996), the arguments both in favor of the privatization of prisons and against it are based on the issue of money. While virtually opponents are of the idea that privatizing prison facilities will reduce the costs of running them at the federal and state levels, its opponents feel that it will lead to a lack of qualified staff or security, poor ground and construction maintenance, and the possibility of delays in notifying the community in case of a prison break. One of the most visible ben efits of the privatization of prisons is that it solves the problem of overcrowding and space. Should a state transfer some prisoners to a private detention center, it will create room for more prisoners in the state prisons, or the correct amount of space for the prisoners already in the private prison. This can save funds on supplies bought to support the current prisoner population, and can also reduce potential violence since it eases the living tensions experience in most prisons. However, should the private company running the private facility go bankrupt, to could lead to its closure, potentially releasing violent prisoners prematurely (William, 1996).Another benefit of prison privatization is that it assists in budget predictions. When a state works with a private facility, it can set the limit on the number of inmates in their experience facilities, thus enabling a more accurate prediction of the total cost of supporting an inmate daily. This can be beneficial during budg et analysis and predictions, or when asking for grants from the