benefits analysis

benefits analysis - Cost-benefit analysis is a term that...

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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 definitions the process involves, whether explicitly or implicitly, weighing the total expected costs against the total expected benefits of one or more actions in order to choose the best or most profitable option. The formal process is often referred to as either CBA (Cost-Benefit Analysis) or BCA (Benefit-Cost Analysis). A hallmark of CBA is that all benefits and all costs are expressed in money terms, and are adjusted for the time value of money, so that all flows of benefits and flows of project costs over time (which tend to occur at different points in time) are expressed on a common basis in terms of their “present value.” Closely related, but slightly different, formal techniques include Cost-effectiveness analysis, Economic impact analysis , Fiscal impact analysis and Social Return on Investment
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This note was uploaded on 10/23/2011 for the course ECE 300 taught by Professor Ronmarge during the Spring '10 term at SUNY Stony Brook.

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benefits analysis - Cost-benefit analysis is a term that...

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