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Cost-benefit analysis

Method to measure in financial terms the cost and the benefits of investment including consideration external factors(stakeholders,the general public) and cost as well as internal(the business) cost and benefits

Social benefits-social costs

Advantages of CBA

•Takes into account wide range of benefits and costs.


•Takes social and environmental impacts into account.


•Puts a value to all the external benefits.


•Can be helpful to rank project in order of the highest public benefits.

Disadvantages

•Value of intangibles will be difficult. Eg-pollution


•Views of those preparing the intangible factors estimation will differ from person to person. Eg-environmentalist will estimate higher for pollution.