The Application of Activity Based Costing For Data Analysis in Correctional Practice

Authors

  • Ivan Pitt Consulting Data Scientist and Economist

Abstract

This paper develops an Activity Based Costing (ABC) model that shows how big
data can be used in an integrated method to holistically and systematically manage the
financial and operational aspects of a jail or prison system. By linking financial and accounting
resources to activities or processes, and activities to cost objects, benchmarking
comparisons using costs drivers and performance measures can be made across
different entities. The ABC model can be used for a wide variety of reasons, including
process analysis, management and budget control, cost reductions, safety improvements,
team performance, quality control and productivity.

Author Biography

Ivan Pitt, Consulting Data Scientist and Economist

Dr. Pitt is a consulting data scientist in private practice in New York City. His interests are expanding the role of data science in non-profits and the public sector. His most recent publication is: Direct Licensing and the Music Industry: How Technology, Innovation and Competition Reshaped Copyright Licensing (2015).

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Published

2022-04-12

How to Cite

Pitt, I. (2022). The Application of Activity Based Costing For Data Analysis in Correctional Practice. International Public Management Review, 21(2), 100–117. Retrieved from https://ipmr.net/index.php/ipmr/article/view/360

Issue

Vol. 21 No. 2 (2021)

Section

Articles

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