Cost-Benefit Analysis

A clear, jargon free guide to the principles and practice of cost benefit analysis written by a non-economist primarily for non-economists. Features of this new edition: Covering all concepts and procedures from common-sense and first principles, but also a reference book, for economists and non-economists, with a comprehensive index/glossary and many literature and internet references Practical - based on many years experience of conducting, reporting and using CBA Guidance on using computer software and avoiding its pitfalls Gives guidance on the presentation and reporting of analyses, with a checklist and examples showing how to inform and satisfy multiple audiences Describes the application of CBA to many particular fields, including health, education, transport, and the water sector Shows how social, environmental and political aspects can be taken into account quantitatively Deals explicitly with probabilities and uncertainty, including Monte-Carlo analysis Contains pragmatic guidance on the formulation and packaging of projects, and of the without-project cases against which they are compared Describes multi-criterion decision analysis, which can put CBA alongside other decision aids