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Cost-benefit analysis (CBA), sometimes called benefit-cost analysis (BCA), is a systematic process for calculating and comparing benefits and costs of a project, decision or government policy (hereafter, "project"). CBA has two purposes:
- To determine if it is a sound investment/decision (justification/feasibility),
- To provide a basis for comparing projects. It involves comparing the total expected cost of each option against the total expected benefits, to see whether the benefits outweigh the costs, and by how much.
Kenya Carter
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What is the importance of a cost analysis?
A cost benefit analysis balances cost of the action against the benefits one expects from it.
Who is credited with the first using cost benefits analysis?
Alfred Marshall
What process is used to determine if the benefits caused by mitigation exceed the cost of the solutions?
benefit/cost analysis
What process is used to determine if the benefits caused by mitigation exceed the cost of the solution?
benefit/cost analysis
What Cost-benefit analysis is a process that involves?
Maximizing benefits and minimizing costs
What cost benefit analysis is a process that involves?
Maximizing benefits and minimizing costs
What is the procedure of evaluating the costs and benefits of a specific pharmacy program?
Cost-benefit analysis
What is the last step of the cost benefit analysis?
Step 6--Use the Economic Analysis for Decision Making
What is the purpose of cost analysis?
determine if benefits exceed costs, i.e. if project is worth doing or not
Cost benefit analysis is a process that invloves whcih of the following?
Maximizing benefits and minimizing costs.
What are the differences between social cost benefit analysis and financial analysis?
Benefit-cost analysis determines whether the direct social benefits of a proposed project or plan outweigh its social costs over the analysis period. Such a comparison can be displayed as either the quotient of benefits divided by costs (the benefit/cost ratio), the difference between benefits and costs (net benefits), or both. A project is economically justified if the present value of its benefits exceeds the present value of its costs over the life of the project. Financial Analysis. The objective of financial analysis is to determine financial feasibility (that is, whether someone is willing to pay for a project and has the capability to raise the necessary funds). A financial analysis answers questions such as, Who benefits from a project? Who will repay the project costs, and are they able to meet repayment obligations? Will the beneficiaries be financially better off compared to what they will be obligated to pay?
What is cost- benefit analysis?
Cost-benefit analysis (CBA), sometimes called benefit-cost analysis (BCA), is a systematic process for calculating and comparing benefits and costs of a project, decision or government policy (hereafter, "project"). CBA has two purposes:To determine if it is a sound investment/decision (justification/feasibility),To provide a basis for comparing projects. It involves comparing the total expected cost of each option against the total expected benefits, to see whether the benefits outweigh the costs, and by how much.
