cost-benefit analysis

(redirected from Cost-benefit)
Also found in: Dictionary, Thesaurus, Medical, Financial, Wikipedia.
Related to Cost-benefit: Cost-benefit ratio

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 ?
In few arenas has this controversy been as heated and as relevant to actual policy decisions as in the use of cost-benefit analysis to evaluate regulatory proposals.
4] proposed a composite decision support based on combining cost-benefit analysis with multi-criteria decision analysis for the assessment of economic as well as strategic impacts within transport projects.
Coupling cost-benefit analysis with related means of assessing programmatic costs and effectiveness, the project partners with state and county governments, offering a free toolkit that enables policymakers to direct public funds to activities that deliver high returns and to eliminate or restructure programs found wanting.
Scalia, demonstrating his propensity for revisionist history, neglected to note that the EPA actually did complete a thorough cost-benefit analysis - more than once, in fact, during the years that it took to complete the regulatory process.
Coates IV, Towards Better Cost-Benefit Analysis: An Essay on Regulatory Management, 78 Law & Contemp.
On cost-benefit analysis, many industry groups have largely abandoned their commitment to weighing environmental benefits against economic costs.
The entire process took longest with the rules involving cost-benefit analyses, and the economically significant rules had a combined cost of $7 billion and benefits of $11 billion.
Twenty-nine states and the District of Columbia were using cost-benefit analyses, but less effectively or consistently.
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.
Traditionally cost-benefit analysis (CBA) is a practical method, or an analytical tool used to:
Because the administrative record for the rulemaking was unclear as to the basis for the technologies selected by EPA as BTA, and thus may have included the impermissible basis of cost-benefit analysis, the court remanded the Phase II Rule to EPA for clarification and possible reassessment of BTA.
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;

Full browser ?