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Cost-Benefit Analysis

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Cost-Benefit Analysis Definition

An approach to activity appraisal that involves the estimation of the overall cost and benefits in monetary value terms. The activity could be an impending project or a proposed policy. The approach is used to determine whether an activity is viable and to evaluate the effects of alternative policy decisions (Barnett, 1985).

Cost-Benefit Analysis Description

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Cost-Benefit Analysis Examples

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Cost-Benefit Analysis Implementation

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Cost-Benefit Analysis Strengths

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Cost-Benefit Analysis Weaknesses

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Cost-Benefit Analysis Value Focus

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Cost-Benefit Analysis Life Cycle

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Cost-Benefit Analysis Sector Focus

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Cost-Benefit Analysis Web resources

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Cost-Benefit Analysis References

  • Barnett, W. S. (1985) Benefit-cost analysis of the Perry Preschool program and its policy implications, Educational Evaluation and Policy Analysis, Vol. 7, pp. 333-342.
  • Connelly, N. A. and Brown, T. L. (1991) Net economic value of the freshwater recreational fisheries of New York. Trans. Am. Fisheries Soc. 120, pp. 770-775.
  • EPA, Environmental Protection Agency. (1985) Costs and benefits of reducing lead in gasoline. Final Regulatory Impact Analysis Cost Benefit Handbook, Washington, D.C.
  • Marshall, A. (1898) Principles of Economics, 4th ed, Cambridge University Press, Cambridge.

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