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cost-benefit analysis
(redirected from Costs and benefits)

   Also found in: Dictionary/thesaurus, Medical, Financial, Wikipedia 0.01 sec.

cost-benefit analysis

In governmental planning and budgeting, the attempt to measure the social benefits of a proposed project in monetary terms and compare them with its costs. The procedure was first proposed in 1844 by Arsène-Jules-Étienne-Juvénal Dupuit (1804–66). It was not seriously applied until the 1936 U.S. Flood Control Act, which required that the benefits of flood-control projects exceed their costs. A cost-benefit ratio is determined by dividing the projected benefits of a program by the projected costs. A wide range of variables, including nonquantitative ones such as quality of life, are often considered because the value of the benefits may be indirect or projected far into the future.


cost-benefit analysis
An analysis of a construction contract with the objective of identifying all the included costs and evaluating their benefits.


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Other topics include the costs and benefits of forests certificates, intangible capital and barriers to economic development, economic input for restoration decision making, and climate change modeling tools to support water management decisions.
of California at Los Angeles), combining both empirical research and reviews of the literature, address the questions of the causes of US prison incarceration rates over the past three decades, the costs and benefits of the increase, and the socially optimal incarceration rate.
The Office of Information and Regulatory Affairs (OIRA) was formed in 1980 to weigh the costs against the benefits in government regulations, and if national regulations for information security were implemented, the OIRA would periodically assess both the costs and benefits from complying with the regulations.
 
 
 
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