cost-benefit analysis

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Cost-benefit analysis

A method of evaluating projects or investments by comparing the present value or annual value of expected benefits to costs; the practical embodiment of discounted cash flow analysis; a useful technique for making transparent the benefits of upfront investments in sustainable design features or technologies.

cost-benefit analysis

a technique for appraising the total economic costs and benefits (and ideally the total social costs and benefits expressed as economic costs) arising from any economic and social activity, especially new projects. Hitherto, the technique has been mainly used to appraise new, large, public projects. But, in an increasingly ecologically conscious era, the proposal now is that many more existing economic and social activities should be subject to full cost-benefit analysis, with many more costs, e.g. environmental, also included to a fuller extent than previously Cost-benefit analysis is far from being a straightforward technique, however, and much depends on the assumptions on which a costing is made. Careful attention has always to be given to the range of external costs and the range of benefits to be included in the calculations, as well as to the basis on which these can be costed. The results usually leave scope for controversy.

cost-benefit analysis

An analysis of a construction contract with the objective of identifying all the included costs and evaluating their benefits.
References in periodicals archive ?
By their logic, no regulation can be justified without a cost-benefit analysis.
On the first question, industry groups--principally trade associations representing polluters--favored the use of cost-benefit analysis, arguing that environmental benefits needed to be weighed against the resulting undesirable economic consequences.
That would be nowhere in the cost-benefit analysis.
For 20 of those, the agency performed cost-benefit analyses and nine of these represented an economic impact of $100 million or more.
WASHINGTON, July 29, 2013 /PRNewswire-USNewswire/ -- A new report shows cost-benefit analyses have helped states make better investments of public dollars by identifying programs and policies that deliver high returns.
Cost-benefit analysis determines only a program's cost-effectiveness, not its overall success.
John Cridland, director-general of the CBI, said, 'The ICB should not proceed with the idea unless it stands up to a rigorous cost-benefit analysis.
President Obama's election seemed to present an opportunity to exorcise cost-benefit analysis from environmental policy.
Support for cost-benefit analysis as a primary tool for assessing regulations, despite what CPR says is its imprecision and the ease with which it is manipulated to achieve preferred policy outcomes;
But if cost-benefit studies aren't as plentiful as snowflakes in the Rockies in spite of being called for regularly, there must be a reason.
Among legal scholars, views about the value of cost-benefit analysis in government regulation range from rampant enthusiasm to outright rejection.
Certainly, that cost-benefit analysis may be different in a country with a much higher rate of HW infection, but I think the article's portrayal of circumcision as a no-brainer is far too simplistic.

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