Cost Benefit Analysis For Public Sector Decision Makers
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Cost Benefit Analysis For Public Sector Decision Makers
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Author : Diana Fuguitt
language : en
Publisher: Praeger
Release Date : 1999-10-30
Cost Benefit Analysis For Public Sector Decision Makers written by Diana Fuguitt and has been published by Praeger this book supported file pdf, txt, epub, kindle and other format this book has been release on 1999-10-30 with Business & Economics categories.
Fuguitt and Wilcox skillfully guide analysts, public sector managers, and students of decision-making through a full range of the essential steps to perform, interpret, and assess cost-benefit analysis. Their book shows how to grasp the principles of cost-benefit analysis and several related economic valuation methods, how to apply them in undertaking an objective analysis, and how to use the analysis as a decision-making tool across a wide range of fields and applications. An extensive knowledge of economic theory, calculus or advanced graphical analysis is not needed to understand the principles or techniques. Accessible to those who understand basic algebra and have a beginner's hold on statistics, the book also provides a bridge to the more advanced literature in economics and to other analyses used to perform sophisticated valuations. A unique, much-needed presentation of all that is required to gain an immediate, useful understanding of the topic. The authors explain basic economic concepts and show how they are relevant to understanding an analytical approach. They enumerate principles and detail such technical components as with and without analysis, discounting, decision criteria and uncertainty assessment. The book provides especially extensive coverage of the contingent valuation method along with market valuation, the travel cost and property value methods, human life valuation, and cost-effectiveness analysis. They explain empirical methods used to perform these valuation techniques and cover survey and regression analysis as well. Most importantly, Fuguitt and Wilcox treat the topic within its real-world context—as a decision-making tool to assess a particular policy's efficiency and to provide the decision maker with necessary information. Trade-offs between efficiency and other policy objectives are also addressed, as is the interdisciplinary setting within which cost-benefit analysis is interpreted, enabling readers to understand that policy advocates and adversaries bring their own values and competing interests to bear on any decision-making process.
Project Decision Making In The Public Sector
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Author : Alan Abouchar
language : en
Publisher: Lexington, Mass. ; Toronto : Lexington Books
Release Date : 1985
Project Decision Making In The Public Sector written by Alan Abouchar and has been published by Lexington, Mass. ; Toronto : Lexington Books this book supported file pdf, txt, epub, kindle and other format this book has been release on 1985 with Education categories.
Efficiency In The Public Sector
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Author : Alan Williams
language : en
Publisher: Edward Elgar Publishing
Release Date : 1993
Efficiency In The Public Sector written by Alan Williams and has been published by Edward Elgar Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 1993 with Business & Economics categories.
This text provides a critical overview of the role of cost-benefit analysis in improving the efficiency of public-sector investment appraisal. It traces the evolution of the debate concerning the shortcomings of cost benefit analysis, and examines some of the proposed alternatives, including multi-criteria techniques. The theoretical and practical implications of this debate are dealt with from a European perspective.
Rush To Policy
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Author : Roger Shull
language : en
Publisher: Routledge
Release Date : 2017-07-05
Rush To Policy written by Roger Shull and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017-07-05 with Political Science categories.
Rush to Policy explores the appropriate role of technical analysis in policy formation. The authors ask when and how the use of sophisticated analytic techniques in decision making benefits the nation. They argue that these techniques are too often used in situations where they may not be needed or understood by the decision maker; where they may not be able to answer the questions raised but are nonetheless required by the law. House and Shull provide an excellent empirical base for describing the impact of politics on policies, policy analysis, and policy analysts. They examine cost benefit analysis, risk analysis, and decision analysis, and assess their ability to substitute for the current decision making process in the public sector. They examine the political basis of public sector decision making, how individuals and organizations make decisions, and the ways decisions are made in the federal sector. Also they discuss the mandate to use these methods in the policy formulation process. The book is written by two practicing federal policy analysts who, in a decade of service as policy researchers, developed sophisticated quantitative analytic and decision-making techniques. They then spent several years trying to use them in the real world. Successes and failures are described in illuminating detail, providing insight not commonly found in such critiques. The authors delineate the interaction of politics and technical issues. Their book describes policy analysis as it is, not how it ought to be.
Analysis For Public Decisions
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Author : Edward S. Quade
language : en
Publisher: New York : North Holland
Release Date : 1982
Analysis For Public Decisions written by Edward S. Quade and has been published by New York : North Holland this book supported file pdf, txt, epub, kindle and other format this book has been release on 1982 with Political Science categories.
This volume focuses on analytic methods as alternatives to traditional public policy decision-making methods. Covers a broad spectrum of analytic aids to decision making; focuses on the needs of the users rather than the interests of analysts; demonstrates that analysis is not limited to questions that can be quantified; and provides information -- both practical and theoretical -- on questions that are important to those who need analytical help and to those responsible for sponsoring, evaluating, and implementing the analyses of others. For decision-makers in the public sector. © 1989
Cost Benefit Analysis
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Author : Ajit Kumar Dasgupta
language : en
Publisher: New York : Barnes & Noble Books
Release Date : 1972
Cost Benefit Analysis written by Ajit Kumar Dasgupta and has been published by New York : Barnes & Noble Books this book supported file pdf, txt, epub, kindle and other format this book has been release on 1972 with Business & Economics categories.
Textbook on the application of cost benefit analysis in the field of public sector project evaluation and public policy decision making in the UK - covers theoretical and methodologycal problems involving public goods, social welfare functions, 'shadow' prices and social costs, etc., and includes ttwo case studies of public investment projects. Graphs and references.
Cost Benefit Analysis
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Author : Euston Quah
language : en
Publisher: Routledge
Release Date : 2011-10-20
Cost Benefit Analysis written by Euston Quah and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2011-10-20 with Business & Economics categories.
Cost-benefit analysis (CBA) is the systematic and analytical process of comparing benefits and costs in evaluating the desirability of a project or programme, often of a social nature and for society as a whole. CBA is fundamental to government decision-making and can be an effective tool for informed decisions on the use of society's scarce resources. This book highlights the main concepts and principles of cost-benefit analysis used in real life cases and actual applications. The book contains rich cases, materials and examples of real life CBA applications with emphasis both on physical and non-physical projects and infrastructure developments in Asia and beyond. The book also discusses techniques frequently used in applied CBA. The first part of the book introduces the key concepts and principles of CBA before Part Two covers some pertinent issues relating to CBA, such as the recent trend of using behavioural economics and frequently used techniques in applied CBA. Finally, in Part Three, case studies are written up to illustrate how CBA is done, and questions for the readers and students to ponder are raised at the end of each chapter. The scope of the case studies is more than just physical infrastructures but will include public sector policies and programmes covering a host of social policies as in health, education, social welfare programmes, and the environment. For each case, there will be illustrations of the key concepts and principles of CBA used. Undertakings analyzed include: the Three Gorges Dam in China the 2008 Beijing Olympics the Costs of Global Warming the Jamuna Bridge in Bangladesh The case studies, many of which have taken or are to take place in developing countries provide a rich background to the principles of the method, and are accompanied by a wealth of explanatory material. As well as being suitable for courses in Cost-Benefit Analysis, Public Finance, Environmental and Health Economics, the book should be of interest to all public policy decision makers and planners.
Decision Science And Social Risk Management
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Author : M.W Merkhofer
language : en
Publisher: Springer Science & Business Media
Release Date : 2012-12-06
Decision Science And Social Risk Management written by M.W Merkhofer and has been published by Springer Science & Business Media this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012-12-06 with Technology & Engineering categories.
Economists, decision analysts, management scientists, and others have long argued that government should take a more scientific approach to decision making. Pointing to various theories for prescribing and rational izing choices, they have maintained that social goals could be achieved more effectively and at lower costs if government decisions were routinely subjected to analysis. Now, government policy makers are putting decision science to the test. Recent government actions encourage and in some cases require government decisions to be evaluated using formally defined principles 01' rationality. Will decision science pass tbis test? The answer depends on whether analysts can quickly and successfully translate their theories into practical approaches and whether these approaches promote the solution of the complex, highly uncertain, and politically sensitive problems that are of greatest concern to government decision makers. The future of decision science, perhaps even the nation's well-being, depends on the outcome. A major difficulty for the analysts who are being called upon by government to apply decision-aiding approaches is that decision science has not yet evolved a universally accepted methodology for analyzing social decisions involving risk. Numerous approaches have been proposed, including variations of cost-benefit analysis, decision analysis, and applied social welfare theory. Each of these, however, has its limitations and deficiencies and none has a proven track record for application to govern ment decisions involving risk. Cost-benefit approaches have been exten sively applied by the government, but most applications have been for decisions that were largely risk-free.
Rush To Policy
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Author : Roger Don Shull
language : en
Publisher:
Release Date : 2017
Rush To Policy written by Roger Don Shull and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017 with POLITICAL SCIENCE categories.
"Rush to Policy explores the appropriate role of technical analysis in policy formation. The authors ask when and how the use of sophisticated analytic techniques in decision making benefits the nation. They argue that these techniques are too often used in situations where they may not be needed or understood by the decision maker; where they may not be able to answer the questions raised but are nonetheless required by the law. House and Shull provide an excellent empirical base for describing the impact of politics on policies, policy analysis, and policy analysts. They examine cost benefit analysis, risk analysis, and decision analysis, and assess their ability to substitute for the current decision making process in the public sector. They examine the political basis of public sector decision making, how individuals and organizations make decisions, and the ways decisions are made in the federal sector. Also they discuss the mandate to use these methods in the policy formulation process. The book is written by two practicing federal policy analysts who, in a decade of service as policy researchers, developed sophisticated quantitative analytic and decision-making techniques. They then spent several years trying to use them in the real world. Successes and failures are described in illuminating detail, providing insight not commonly found in such critiques. The authors delineate the interaction of politics and technical issues. Their book describes policy analysis as it is, not how it ought to be."--Provided by publisher.
Cost Benefit Analysis
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Author : E.J. Mishan
language : en
Publisher: Routledge
Release Date : 2020-08-19
Cost Benefit Analysis written by E.J. Mishan and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2020-08-19 with Business & Economics categories.
Cost-benefit analysis (CBA) is the systematic and analytical process of comparing benefits and costs in evaluating the desirability of a project or programme – often of a social nature. It attempts to answer such questions as whether a proposed project is worthwhile, the optimal scale of a proposed project and the relevant constraints. CBA is fundamental to government decision making and is established as a formal technique for making informed decisions on the use of society’s scarce resources. This timely sixth edition of the classic Cost-Benefit Analysis text continues to build on the successful approach of previous editions, with lucid explanation of key ideas, simple but effective expository short chapters and an appendix on various useful statistical and mathematical concepts and derivatives. The book examines important developments in the discipline, with relevant examples and illustrations as well as new and expanded chapters which build upon standard materials on CBA. Highlights include: updated historical background of CBA extended non-market goods valuation methods the impact of uncertainty evaluation of programmes and services behavioural economics decision rules and heuristics CBA and regulatory reforms CBA in developed and developing countries value of household production other topics frequently encountered in CBA, such as costs of diseases and air pollution, and value of statistical life. This book is a valuable source and guide to international funding agencies, governments, interested professional economists and senior undergraduate and graduate students. The text is fully supported by a companion website, which includes discussion questions and PowerPoint slides for each chapter.