This paper considers some of the problems in implementing a cost-effectiveness analysis in training and education, and provides a specific example of an analysis that partially meets the cost-effectiveness analysis requirements. A computer-based study management system (SMS), which was implemented on a limited basis, was evaluated in the context of a Navy technical training school. A logical analysis was conducted of alternative delivery systems representative of the variety of delivery alternatives: minicomputer, time-sharing commercial system, and a microprocessor. Measures of effectiveness discussed included student study time, student attitudes, software development, facilities requirements, and hardware requirements. Cost considerations are mentioned only for hardware systems; other categories of resource requirements remain constant across systems. A cost-effectiveness tabular display is recommended for maximizing available information in the most easily interpretable form. (VT)