Open AccessBook
Cost-Benefit Analysis
E.J. Mishan,Euston Quah +1 more
TLDR
Costbenefit analysis (CBA) is the systematic and analytical process of comparing benefits and costs in evaluating the desirability of a project or program as mentioned in this paper, often of a social nature, and is fundamental to government decision making and is established as a formal technique for making informed decisions on the use of society's scarce resources.Abstract:
Cost-benefit analysis (CBA) is the systematic and analytical process of comparing benefits and costs in evaluating the desirability of a project or programme – often of a social nature. It attempts to answer such questions as whether a proposed project is worthwhile, the optimal scale of a proposed project and the relevant constraints. CBA is fundamental to government decision making and is established as a formal technique for making informed decisions on the use of society’s scarce resources.
This timely sixth edition of the classic Cost-Benefit Analysis text continues to build on the successful approach of previous editions, with lucid explanation of key ideas, simple but effective expository short chapters and an appendix on various useful statistical and mathematical concepts and derivatives. The book examines important developments in the discipline, with relevant examples and illustrations as well as new and expanded chapters which build upon standard materials on CBA. Highlights include:
updated historical background of CBA
extended non-market goods valuation methods
the impact of uncertainty
evaluation of programmes and services
behavioural economics
decision rules and heuristics
CBA and regulatory reforms
CBA in developed and developing countries
value of household production
other topics frequently encountered in CBA, such as costs of diseases and air pollution, and value of statistical life.
This book is a valuable source and guide to international funding agencies, governments, interested professional economists and senior undergraduate and graduate students.
The text is fully supported by a companion website, which includes discussion questions and PowerPoint slides for each chapter.read more
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Book ChapterDOI
An introduction to quantified eco-efficiency analysis
Gjalt Huppes,Masanobu Ishikawa +1 more
Faculty of Business and Law
TL;DR: In this paper, a case study methodology was adopted to examine the success factors and the failure factor of ERP implementation, and it was concluded that the key success factors for the ERP project are primarily the project team, choice of enterprise resource planning (ERP) selection and executive management support.
Journal ArticleDOI
Assessing Cost-effectiveness of the Conservation Reserve Program (CRP) and Interactions between the CRP and Crop Insurance
TL;DR: In this article, the authors examined the U.S. Conservation Reserve Program (CRP) enrollment design while accounting for the CRP's interactions with the federal crop insurance program and found that the current CRP is not cost-effective despite its intent to balance benefits and costs.
Journal ArticleDOI
Multi-objective optimisation of an outranking model for public resources allocation on competing projects
TL;DR: In this paper, a model for composing social-oriented project portfolios is developed, which provides a preference relation over project portfolios related to project rank positions, single-project costs, and the Decision-Maker's aversion to expensive projects.
Journal ArticleDOI
Modern energy region development and income distribution: An input-output analysis
TL;DR: In this article, an input-output method for determining the distributional consequences of energy development projects is proposed, which is oriented to the conditions appearing in many contemporary development settings where large resident populations and other factors are likely to inhibit boomtown scenarios.