Strategic planning for every business leaders requires weighing the pros and cons of any new implementation. One of the metrics measures is the benefit cost ratio (BCR), also known as the cost benefit ...

In our last issue, Steven Kelman of Harvard’s Kennedy School of Government criticized cost-benefit analysis from the perspective not of economics but of ethical theory. He concluded that in health, ...

The social cost of carbon (SCC) quantifies the economic damage associated with emitting a ton of carbon dioxide into the atmosphere. Regulatory impact analyses from U.S. federal agencies utilize the ...

In 2015, the UN General Assembly adopted the Sustainable Development Goals (SDG), which identify 169 targets for the world to hit by 2030. Lomborg’s think tank, the Copenhagen Consensus Center, ...

The Biden Administration is revising the rules for how agencies conduct cost-benefit analyses, and some CBA experts have expressed concerns. Earlier this year, President Biden issued an Executive ...

A large new global study of project performance over 86 years confirms that ingrained optimism bias results in forecast-based cost-benefit analyses "so misleading as to be worse than worthless," say ...

Before jumping into a project, be sure to analyze all factors to ensure funding is distributed wisely. No matter how large an organization is, funds are seldom endless. As a result, it only makes ...

An economic analysis is a process in which business owners gain a clear picture of the existing economic climate, as it relates to their company's ability to thrive. Economists, statisticians, and ...