cost-benefit analysis

cost-benefit analysis
In 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.

* * *


Universalium. 2010.

Игры ⚽ Нужно решить контрольную?

Look at other dictionaries:

  • Cost–benefit analysis — (CBA), sometimes called benefit–cost analysis (BCA), is a systematic process for calculating and comparing benefits and costs of a project for two purposes: (1) to determine if it is a sound investment (justification/feasibility), (2) to see how… …   Wikipedia

  • Cost-benefit analysis — is a term that refers both to:* a formal discipline used to help appraise, or assess, the case for a project or proposal, which itself is a process known as project appraisal; and * an informal approach to making decisions of any kind. Under both …   Wikipedia

  • cost-benefit analysis — ➔ analysis * * * cost benefit analysis UK US noun [C or U] (ABBREVIATION CBA) ► ECONOMICS the process of comparing the costs involved in doing something to the advantage or profit that it may bring: »The cost benefit analysis found that employing …   Financial and business terms

  • cost-benefit analysis — noun an analysis of the cost effectiveness of different alternatives in order to see whether the benefits outweigh the costs • Hypernyms: ↑analysis, ↑analytic thinking * * * cost benefit analysis ● cost * * * cost benefit analysis UK US noun… …   Useful english dictionary

  • cost–benefit analysis — ▪ economics       in 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, which is equivalent to the business practice of cost… …   Universalium

  • cost-benefit analysis — UK / US noun [countable] Word forms cost benefit analysis : singular cost benefit analysis plural cost benefit analyses business a comparison of the likely costs of a plan or project with the benefit it will bring, done in order to help make a… …   English dictionary

  • Cost-Benefit Analysis — A process by which business decisions are analyzed. The benefits of a given situation or business related action are summed and then the costs associated with taking that action are subtracted. Some consultants or analysts also build the model to …   Investment dictionary

  • cost-benefit analysis — A method of setting out the factors which need to be taken into account in making choices about major investments in public sector projects. The objective is to assign monetary values to and weight all costs and all benefits, social and economic …   Dictionary of sociology

  • cost-benefit analysis — An appraisal of the costs of an undertaking (or potential undertaking) in comparison with its *rewards. Cost benefit analysis is often used to determine the economic viability of *capital expenditure and investments. See also *zero base budgeting …   Auditor's dictionary

  • cost-benefit analysis — sąnaudų ir naudos analizė statusas T sritis Gynyba apibrėžtis Tam tikros paslaugos teikimo ar veiklos vykdymo sąnaudų palyginimas su šios paslaugos ar veiklos verte atsižvelgiant į visas sąnaudas. atitikmenys: angl. cost benefit analysis šaltinis …   Lithuanian dictionary (lietuvių žodynas)

  • cost-benefit analysis — sąnaudų ir naudos analizė statusas T sritis biomedicinos mokslai apibrėžtis Gydymo metodo arba profilaktikos programos išlaidų ir naudos, išreiškiamų bendraisiais piniginiais vienetais, ekonominė analizė. atitikmenys: angl. cost benefit analysis… …   Lithuanian dictionary (lietuvių žodynas)

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”