Taylor Fry feasibility report on long-term investment approach [pdf, 2 MB]
...Courts and Corrections) has some important similarities to the welfare system, including overlap in the client base. Considerations include key differences between the two systems. For example, success in reducing crime only generates fiscal savings through secondary decisions to trim cost. 1.2 Feasibility An actuarial approach can be thought of as a disciplined framework for estimation, monitoring and re-estimation of uncertain long-term costs. The investment approach applies this act...