Cost-benefit analysis

could be saved? The Cost-Benefit Analysis (define?) is a highly controversial topic among philosophers such as Dershowitz, Bentham and Mill, since it describes a very cold way of deciding on ethical issues. In his book “Why terrorism works” (p.236), Dershowitz’s expresses serious concern about the moral limitations of the Cost-Benefit Analysis , which he suggests could lead to tyranny. In this essay, I seek to respond to Dershowitz’s concerns on the use of the Cost-Benefit Analysis through a…

The “Benefit of Cost-Benefit Analysis Organizations large or small all strive to be successful through fostering a culture of great people, great processes, great products, and great results. Typically, three main functions play into an organization, marketing, operations, and financial accountability. Operations managers and finance managers play critical roles in the success of an organization as they handle the forecasting of goods, services, and provide valuable information for…

Conducting a cost-benefit analysis involves a comparison of a project’s total cost and the aggregate benefits of the beneficiary population. In the aggregation process of benefits estimates, individual-level estimates – such as the sample mean or median willingness to pay WTP – are extrapolated to those population (Morrison, 2000; Bateman et al., 2006). This is a common practice, especially within choice experiments’ literature (CE) (Kopp et al., 1997; Breidert et al., 2006). The issue raised by…

Utilitarianism is an ends-based method of ethical analysis. Rather than attempting to apply a code of moral behavior to the public, this approach focuses on the cost-benefit analysis (Blume and Heineman, 2007) of a policy and underscores its usefulness based on the overall outcome in society. In the case of medical conflicts of interests, the utility of the new policy centers on the creation of consumers that are more informed and the possibility for its largely positive outcome. The primary…

Afghanistan and Iraq proved to be futile attempts to push American imperialism: “The Iraq and Afghanistan conflicts, taken together, will be the most expensive wars in US history – totaling somewhere between $4 to $6 trillion” (Blimer 2013). Davenport’s analysis of World War I: “Not only must the laborer bear a great share of the war burden during the war, but he must face his burden of taxes after the war is finished” (Viner 46), still holds true for the burden of the debt of recent conflicts:…

Criteria for Alternatives Quantitatively assessing the costs of alternatives for HAC is difficult, as the cases are often not accurately reported, making it difficult to use the cost-benefits analysis. Online and physical research will provide various measures, ratings, rankings, and report cards for hospitals but these are not consistent scales and will vary in value and validity (Pronovost, 2013). Another difficulty is the accuracy of these figures is rarely reported to the public. Thus, the…

Though the benefits of the research enterprise far outweigh the costs, many in the field recognize that there are improvements that would make the system more efficient and cost-effective. The federal government assumes a great deal of the administrative and financial burden of research in America; being accountable to taxpayers and American citizens in this regard requires continuous analysis of policies and procedures to ensure adequate stewardship of public trust. Towards this agenda, three…

influential theories discussing the issue at hand is rational choice theory. This theory, was first introduced by Cesare Beccaria and concluded that offenders often weight the costs and benefits of a crime before committing the deviant act, however, recent ethnographic research suggests otherwise. This research suggests that the cost-benefits analyst is not a static process, therefore indicating that, researchers should possibly consider how an offender’s lifestyle, life situations, and criminal…

David S. Levine, a professor at Elon University School of Law comments, “If you are doing a basic cost-benefit-analysis, there are gigantic costs and risks associated with this bill, with little or no upside on the very real issue of how to assess cyber espionage and cybersecurity issues,”. “I am not questioning the motivations. I am questioning whether there are any benefits worth all of these risks.” Overall, the intent of the bill is with good intention of having a centralized hub…

provides an analysis of the problems associated with prohibition. One important aspect of this book, which makes it an excellent, read and economic analysis of prohibition is that he plays both sides of the coin, providing arguments for both prohibitionists and people in favor of the legalization. However, his main point is that prohibition, rather than drug use, causes the evils typically attributed to drugs. Miron offers a balanced, sophisticated and in-depth analysis of the true costs,…