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Review:

Cost Benefit Analysis

overall review score: 4.5
score is between 0 and 5
Cost-benefit analysis is a systematic approach to evaluating the costs and benefits of a proposed project or decision, with the goal of determining whether the benefits outweigh the costs.

Key Features

  • Quantitative analysis
  • Time value of money
  • Risk assessment
  • Trade-off analysis

Pros

  • Helps in decision-making by providing a structured framework for assessing projects or policies
  • Allows comparison of alternatives based on their costs and benefits
  • Helps in allocating resources efficiently by focusing on maximizing benefits

Cons

  • Subjectivity in assigning monetary values to intangible factors
  • May not always capture all relevant costs or benefits
  • Can be time-consuming and resource-intensive to conduct

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Last updated: Sun, Feb 2, 2025, 12:51:54 PM UTC