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cost-benefit analysis |
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cost-benefit analysisIn 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. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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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. Also required is a report from the Coast Guard in 180 days including a cost-benefit analysis. When finally called out on his use of the secret hold, Stevens said he was worried about possible bureaucratic snafus in implementation and wanted to wait for a cost-benefit analysis. |
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