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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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Proceedings Article
A cost-benefit analysis of investing in safety and risk engineering: The case of Oil & Gas transportation services by pipelines
Alexander Guzman,Behrooz Asgari +1 more
TL;DR: This study attempts to introduce a framework to measure the benefits of the investment in safety measures for pipelines using fuzzy logic as a tool for dealing with uncertainty, using the possibility theory from the fuzzy logic to determine the values of the risk.
Journal ArticleDOI
Economic Valuation of the Threat Posed by the Establishment of the Asian Tiger Mosquito in Australia
Paul Mwebaze,Jeffrey Bennett,Nigel W. Beebe,Nigel W. Beebe,Gregor J. Devine,Paul J. De Barro +5 more
TL;DR: The authors investigated the public's willingness to pay (WTP) for additional measures to reduce the risk of invasion of the Australian mainland by the Asian tiger mosquito (ATM) and found a significant difference in the mean WTP values between these two scenarios (A$67 vs A$90) The overall conclusion is that estimated benefits of reducing the probability of an ATM incursion outweigh the costs
Economical and environmental aspects of navigation development in the nile
TL;DR: In this paper, a cost-benefit analysis for navigation development from Aswan to Cairo will yield internal rate of return higher than the discount rate, and several mitigation measures are proposed to overcome the negatives of the project.