Open AccessBook
Cost-Benefit Analysis: Concepts and Practice
TLDR
Cost-benefit analysis as discussed by the authors provides accessible, comprehensive, authoritative, and practical treatments of the protocols for assessing the relative efficiency of public policies, including time discounting, dealing with contingent uncertainty using expected surpluses and option prices, taking account of parameter uncertainties using Monte Carlo simulation and other types of sensitivity analyses, revealed preference approaches, stated preference methods, and other related methods.Abstract:
Cost-Benefit Analysis provides accessible, comprehensive, authoritative, and practical treatments of the protocols for assessing the relative efficiency of public policies. Its review of essential concepts from microeconomics, and its sophisticated treatment of important topics with minimal use of mathematics helps students from a variety of backgrounds build solid conceptual foundations. It provides thorough treatments of time discounting, dealing with contingent uncertainty using expected surpluses and option prices, taking account of parameter uncertainties using Monte Carlo simulation and other types of sensitivity analyses, revealed preference approaches, stated preference methods including contingent valuation, and other related methods. Updated to cover contemporary research, this edition is considerably reorganized to aid in student and practitioner understanding, and includes eight new cases to demonstrate the actual practice of cost-benefit analysis. Widely cited, it is recognized as an authoritative source on cost-benefit analysis. Illustrations, exhibits, chapter exercises, and case studies help students master concepts and develop craft skills.read more
Citations
More filters
Journal ArticleDOI
Solute-Transport Predictive Uncertainty in Alternative Water Supply, Storage, and Treatment Systems.
TL;DR: In this paper, the failure of some alternative water supply, storage, and treatment (AWSST) systems to meet water quality expectations was caused by conceptual model error, in which local hydrogeological conditions were less favorable than recognized or considered during project feasibility assessments, economic analyses, and design.
Incorporating Non-Market Values in Fire Management Planning 1
TL;DR: In this paper, an innovative coupling of the cost plus net value change (C+NVC) framework with cost effectiveness analysis (CEA) is introduced, which is a sub-set of BCA and is used where benefits are particularly difficult to quantify for comparison with cost.
Cost Analysis in Educational Decision Making: Approaches, Procedures, and Case Examples
TL;DR: In an era of increasing demands for education reform that is both scientifically based and cost-effective, cost analysis has become an important decision-making tool as discussed by the authors, in which educators' lobbying for additional funds and materials to increase student achievement needs to be supplemented with data that demonstrate the efficient utilization of these resources in achieving desired results.