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Nordic Guidelines for Cost-benefit analysis

image of Nordic Guidelines for Cost-benefit analysis

Cost-benefit analysis is a recognised decision support tool with increasing importance in policy making. This publication is a proposal for a stat-of-the-art guideline for cost-benefit analysis in the waste management sector. One of the aims is to provide insight in life cycle assessment in order to improve the system analysis and the assessment of environmental effects in a cost-benefit analysis, thus combining key elements from these two decision support tools.

English

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Evaluation

The evaluation is the crucial step in a CBA: should the policy or projected be accepted or rejected? In the evaluation the costs are subtracted from the benefits to estimate whether the policy or project is beneficial to society. As mentioned already, the CBA is rarely able to capture all the relevant information for the decision-maker. The presentation of the results, along with the limitations of the study, may therefore be very important for the final outcome of the decision to be made.

English

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