Benefit/cost analysis


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Benefit/cost analysis

An economic method for assessing the benefits and costs of achieving alternative health-based standards at given levels of health protection.
References in periodicals archive ?
Because there is no such thing as a perfect assessment of environmental effects or associated values, decisionmakers and others should view the results of benefit/cost analysis or MCDA as input into the decisionmaking process, rather than uncritically accepting the results and implementing the highest-ranked alternative.
A benefit/cost analysis of a DSS for South Carolina's state forests is presented.
The newly developed Highway Economic Requirements System (HERS) uses incremental life-cycle benefit/cost analysis to define the "near-optimal" cost-effective set of appropriate improvement options given user defined policy scenarios.