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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
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Journal ArticleDOI
Cost-benefit analysis for sheltered employment service programs for people with disabilities in Taiwan − a preliminary study
TL;DR: Job coaches in the sheltered employment service programs might enhance the quality of counseling services for sheltered employees/clients with different categories of disabilities, sheltered employees’ working environment improvements by job redesigning and accommodation, and regularly receiving on thejob training in these fields.
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Program evaluation of highway access with innovative risk-cost-benefit analysis
TL;DR: A key innovation of this research is the integration of risk analysis and cost-benefit analysis with data uncertainties, introduced by introducing three risk components—hazard intensity, exposure, and vulnerability—that can be used to evaluate roadway performance and to monetize the potential benefits and costs of access management projects.
Investment analysis of incorporating timber trees in livestock farms in the sub-humid tropics of Costa Rica
Chagoya Fuentes,L Jorge +1 more
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On the use of the ‘Return Of Safety Investments’ (ROSI) measure for decision-making in the chemical processing industry
Eirik Bjorheim Abrahamsen,Jon Tømmerås Selvik,Maria Francesca Milazzo,Henrik Langdalen,Roy Endre Dahl,Surbhi Bansal,Håkon Bjorheim Abrahamsen,Håkon Bjorheim Abrahamsen +7 more
TL;DR: In this article, the authors discussed the usefulness of such a framework and the need for an extension is shown using a case-study from the chemical processing industry and highlighted the importance of reflecting the strength of knowledge on which the ROSI metric is based.
A multi-actor analysis approach in decision making: A framework to complement ISA-95 guidelines within manufacturing companies
TL;DR: In this paper, a framework of a decision making process based on a multi-actor analysis approach was created and tested in manufacturing companies and proved to have the potential to have great added value and more benefits to the companies using it.