cost-benefit analysis

(redirected from Cost-benefit analyses)
Also found in: Dictionary, Thesaurus, Medical, Financial.
Related to Cost-benefit analyses: Cost-effectiveness analysis

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 ?
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.
Instead, the discounting practices in EPA's Clear Skies Initiative (106) and Nonroad Diesel-Engine Rule (107) show that questionable cost-benefit analyses may be becoming more commonplace at EPA.
Concentrating on the development of cost-benefit analyses can be considered a strategic opportunity in an era of growing expectations for public accountability.
Traditionally, OIRA has had fairly minimal interactions with submitting agencies as they prepare cost-benefit analyses.
1998) applied cost-benefit analyses to access, ownership, and interlibrary loan service.
The Office of Management and Budget, which reviews cost-benefit analyses prepared by federal agencies pursuant to executive order, instructs agencies to discount the benefits of life-saving regulations from the moment of avoided death, rather than from the time when the risk of death is reduced.
Perhaps publicity about cost-benefit analyses would provide a counterweight to the availability heuristic, so that, for example, television reports on hypothetical studies concluding that improved airport security would be extraordinarily expensive and provide little benefit would compete with reports on airplane accidents.
We must make the case for sensible regulation and work to ensure that cost-benefit analyses are met with respectful attention and not with rolling eyes.
Previous cost-benefit analyses have used the number of referrals, the number of closures, the return-to-work rate, and the overall cost figures of the program to provide effectiveness data.
Appraisals, cost-benefit analyses to rationalise big decisions

Full browser ?