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.
Illustrated Dictionary of Architecture Copyright © 2012, 2002, 1998 by The McGraw-Hill Companies, Inc. All rights reserved

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.
Collins Dictionary of Sociology, 3rd ed. © HarperCollins Publishers 2000

cost-benefit analysis

An analysis of a construction contract with the objective of identifying all the included costs and evaluating their benefits.
McGraw-Hill Dictionary of Architecture and Construction. Copyright © 2003 by McGraw-Hill Companies, Inc.
References in periodicals archive ?
(20) A CBA, in essence, provides a summary of the underlying facts that support an agency's decision.
Although courts typically give deference to agency CBAs in the first instance, (23) any new CBA will be judged against a prior CBA in the administrative record.
We estimate the effect for each selection number, which allows us to make conclusions about the impact of the new CBA throughout the distribution of selections.
Ideally, we would estimate the effect of the new CBA on drafted player compensation until they reach free agency.
CBA is based in neoclassical economics, currently the mainstream of economic theory.
The purpose of CBA is to decide on the worthiness of a public investment or regulation (e.g.
Outside of the annual CBA meeting, your elected members of the Economic and General Welfare (E&GW) Council have the duty to provide for implementation of CBA policies and procedures approved by the CBA.
Approve use of mobilization funds from the MNA mobilization fund in accordance with direction from the CBA;
Of the case studies of the six rules sketched above, the most developed and convincing CBA was that of the FSA's mortgage market reforms, although even that CBA-FR was, on close inspection, highly imprecise and sensitive to numerous assumptions, both conceptual and as applied to available data.
Nevertheless, it is possible that with some of the methods of designing and studying regulations discussed in part III below, a precise, reliable, quantified CBA may be feasible for some limited aspects of consumer finance.
The result of this study partially contributes to the effective application of CBA when designing classes, as well as offering benefits on research objectives and settings.
A movement is afoot to impose cost-benefit analysis (CBA) on