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Cost/Benefit Analysis is a technique for deciding whether to make a change. As its name suggests, it compares the values of all benefits from the action under consideration and the costs associated with it.

The cost-benefit ratio is determined by dividing the projected benefits of the programme by the projected costs. A programme having a high benefit-cost ratio will take priority over others with lower ratios.

Glossary of Environment Statistics, Studies in Methods, Series F, No. 67, United Nations, New York, 1997.

Source Publication:
United Nations, European Commission, International Monetary Fund, Organisation for Economic Co-operation and Development, World Bank , 2005, Handbook of National Accounting: Integrated Environmental and Economic Accounting 2003, Studies in Methods, Series F, No.61, Rev.1, Glossary, United Nations, New York, para. 1.87

Statistical Theme: Environmental statistics

Created on Monday, July 4, 2005

Last updated on Tuesday, November 29, 2005