2020欧洲杯谁能夺冠

Encyclopedia of Sustainable Management

Living Edition
| Editors: Samuel Idowu, René Schmidpeter, Nicholas Capaldi, Liangrong Zu, Mara Del Baldo, Rute Abreu

Cost-Benefit Analysis

  • Derek StimelEmail author
  • Leslie E. Sekerka
Living reference work entry
DOI: http://doi.org/10.1007/978-3-030-02006-4_171-1
  • 118 Downloads

Synonyms

Definition

Cost-benefit analysis (CBA) is a decision-making process where the expected benefits of an activity are weighed against the expected costs of engagement. There are a variety of choices and methods available when implementing CBA. This can lead to distinct differences in calculated conclusions. In the area of energy and the natural environment such as identifying the quality and amount of natural resources available or being utilized, this methodology continues to be used in a variety of ways (Hanley and Spash 1993). Energy companies often apply CBA to decide if a new energy project should be undertaken (energy exploration, building or modifying energy producing infrastructure, energy technology research and development, etc.). The analysis may be applied for internal use by the company or in response to external regulation. Stakeholders external to the firm (environmental watch groups, regulators, consumers, etc.) often use CBA to evaluate...

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References

  1. Clinch, J. P. (2004). Cost-benefit analysis applied to energy. In C. J. Cleveland (Ed.), Encyclopedia of energy. Oxford: Elsevier.
  2. European Union Regional Policy. (2008). Guide to cost benefit analysis of investment project. Retrieved January 11, 2015 from European Commission at .
  3. Hanley, N., & Spash, C. L. (1993). Cost-benefit analysis and the environment. Northampton: Edward Elgar.
  4. Hutton, G., & Rehfuess, E. (2006). Guidelines for conducting cost–benefit analysis of household energy and health interventions. Retrieved January 5, 2015, from World Health Organization at .
  5. Jackson, R. B., Vengosh, A., Carey, J. W., Davies, R. J., Darrah, T. H., O’Sullivan, F., & Pétron, G. (2014). The environmental costs and benefits of fracking. Annual Review of Environment and Resources., 39, 327–362.
  6. Meeus, L., von der Fehr, N.-H., Azevedo, I., He, X., Olmos, L., & Glachant, J.-M. (2013). Cost benefit analysis in the context of the energy infrastructure package. Retrieved January 5, 2015, from THINK at .
  7. National Center for Environmental Economics. (2010). Guidelines for preparing economic analyses. Retrieved January 10, 2015 from Environmental Protection Agency at .
  8. Sekerka, L. E., & Stimel, D. (2011). How durable is sustainable enterprise? Ecological sustainability meets the reality of tough economic times. Business Horizons, 54(2), 115–124.

Copyright information

© Springer Nature Switzerland AG 2020

Authors and Affiliations

  1. 1.Department of EconomicsUniversity of CaliforniaDavisUSA
  2. 2.Ethics in Action Center, Menlo CollegeAthertonUSA

Section editors and affiliations

  • Mirja Mikkilä
    • 1
  1. 1.School of Energy SystemsLappeenranta University of TechnologyLappeenrantaFinland