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cost-benefit analysis |
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cost-benefit analysisProcess whereby a project is assessed for its social and welfare benefits in addition to considering the financial return on investment. For example, this might take into account the environmental impact of an industrial plant or convenience for users of a new railway. A major difficulty is finding a way to quantify net social costs and benefits. cost-benefit analysis
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``We really don't know a whole lot about the overall costs and benefits of homeland security,'' Becker said. The study, 'A little knowledge is a dangerous thing: How perceptions of costs and benefits affect access to education', has implications for Australia, according to Ian Dobson, head of the Education Policy Institutes' Australasian arm, who said the idea that people from lower socio-economic areas opted against university was a logical conclusion to draw in Australia too. Much of the discussion centered on the present and future costs and benefits of complying with section 404 of the act. |
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