Areas of Expertise Customer Profiling | Education | Healthcare Management Housing and Related Research | Real Estate and Relocation Veterans Real Estate and Relocation Accounting Trade Association Recently EconSys worked closely with an International non-profit organization in finding a new location for their company. EconSys analyzed a dozen international cities based on predetermined criteria and eventually narrowed down the options to a select few. The final locations were compared based on an index ranking which reflected the weighted criteria determined by the organization. Finally, EconSys provided its recommendations as to what location would be the best fit for this organization. Bureau of Engraving and Printing The objective of this project was to review and refine the analytical tools and methodology utilized by the BEP for facility investment data analysis for reports to Congress and recommend methods to correct any deficiencies and enhance the quality of the evaluations and conclusions. EconSys analyzed the data collected to synthesize the practices discovered, showing where they fall within the “best practices” theoretical framework, and implemented improvements to the facility investment decision-making methodology at BEP. The scope of work required the following: •      Review of the overall situation, assumptions, and strategic objectives. •      Review of all components of the study process now under way. •      Recommendations and data collection as appropriate to improve data         quality and analytical processes. •      Recommendations to structure the data evaluation processes to         ensure maximum validity of conclusions. •      Recommendations to structure the planning process to ensure that         both internal and external factors are assigned appropriate priorities         and correctly weighted. •      Recommendations for formatting the analyses, conclusions, and         planning decisions for presentation to Treasury officials and Congress         to ensure understanding of the Bureau’s objectives, needs,         alternatives, and decisions. EconSys reviewed BEP’s Net Present Value (NPV) calculations and assumptions, and made certain modifications. In addition to the NPV analysis, EconSys utilized the Analytical Hierarchy Process (AHP) technique to incorporate both quantitative and qualitative factors. Five major criteria were selected: (1) business impact, (2) customer satisfaction, (3) security, (4) financial impact, and (5) risk. Finally, EconSys combined the AHP and NPV rankings of the alternatives and checked the accuracy of the rankings by employing a third major analytical tool, the economic risk-adjusted present value (ERPV) of alternatives. Colonial Penn Insurance Company The overall objective of this study was to enable an insurance company to assess an optimal geographical location for their labor force. A regional labor market analysis was conducted to identify areas, which can best provide the labor force mix required. In this analysis, historical unemployment rates for fifteen metropolitan areas were compared. Comparisons of area wage earnings data were also made for those occupations related to insurance industry. To support the relocation analysis, an economic model was also developed and used to analyze the productivity of the Colonial Penn workforce on a regional basis. Multi variate regression methods were used to estimate the economic model that relates output to such factors as labor, economies of scale, turnover rates, and other demographic variables. The productivity of the regional offices was compared to that of the home office, to assess the advisability of centralization versus regionalization. BRCS EconSys provided analyses to support the relocation decision for several companies, including a health insurance carrier, insurance company, trade association, and prosthesis manufacturer. The objective of these studies was to provide a relocation alternative, based upon the most cost-beneficial scenario. For this analysis EconSys uses the Business Relocation Cost System (BRCS); which combines projections of labor market conditions for affected categories of employees, real estate estimates, and productivity impacts of relocation, to produce an estimation of the costs and benefits of relocating. In particular, operational cost savings in wages and facility costs are weighed against one-time relocation costs, using the net present valuation technique. After initially considering a wide range of relocation scenarios, EconSys and the top management at the relocating company, limit the relocation search based on several criteria. The BRCS model is applied to the limited list of relocation alternatives. The relevant cost savings attributed to relocation are computed over the course of ten or fifteen years for each scenario, each with varying assumptions. Each assumption is flexible within the model in order to provide the user with a "what-if" analysis capability.