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Cost benefit analysis

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Full-Text Articles in Social and Behavioral Sciences

Notes On The Economics Of Residential Hybrid Energy System, Mahelet G. Fikru, Gregory M. Gelles, Ana M. Ichim, Joseph D. Smith Jul 2019

Notes On The Economics Of Residential Hybrid Energy System, Mahelet G. Fikru, Gregory M. Gelles, Ana M. Ichim, Joseph D. Smith

Economics Faculty Research & Creative Works

Despite advances in small-scale hybrid renewable energy technologies, there are limited economic frameworks that model the different decisions made by a residential hybrid system owner. We present a comprehensive review of studies that examine the techno-economic feasibility of small-scale hybrid energy systems, and we find that the most common approach is to compare the annualized life-time costs to the expected energy output and choose the system with the lowest cost per output. While practical, this type of benefit—cost analysis misses out on other production and consumption decisions that are simultaneously made when adopting a hybrid energy system. In this paper, …

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Increasing Access To Potable Water: A Question Of Economics And Governance In Bo District, Sierra Leone, Alissa M. Heiring Jun 2016

Increasing Access To Potable Water: A Question Of Economics And Governance In Bo District, Sierra Leone, Alissa M. Heiring

Lawrence University Honors Projects

This paper analyzes existing supply gaps that are impeding rural water access in Bo District, Sierra Leone. On a national and district level, Sierra Leone has failed to meet the target of 70% access to potable water inspired by the United Nation’s Millennium Development Goals. This paper focuses on Bo District due to its near total inclusion in the Sewa River basin and split urban and rural population. Given the existing political and economic constraints, this paper identifies the most feasible way to sustainably increase access to potable water in Bo. To develop the recommendations, current supply gaps in rural …

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Delayed-Bang Approach Towards More Sustainable Critical Infrastructure Risk Management, C. Ariel Pinto, Michael K. Mcshane, Abhishek S. Pathak Jan 2011

Delayed-Bang Approach Towards More Sustainable Critical Infrastructure Risk Management, C. Ariel Pinto, Michael K. Mcshane, Abhishek S. Pathak

Finance Faculty Publications

This article describes the Delayed Bang Approach for determining the value of risk management alternatives in critical infrastructure security. The discussion includes (1) the need for sustainable risk management (2) the importance of time valuation in evaluating competing loss prevention and loss reduction alternatives, (3) the convergence of deterministic engineering economics, survivability analysis, and probabilistic analysis, and (4) hypothetical examples of the Delayed-Bang Approach and significance towards more sustainable risk management.

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A Matter Of Priorities: Effects Of Increased Opportunities For Extracurricular And Non-Traditional Learning Experiences On Student Time Management And Attitudes, David Spurlock, Daniel J. Bailey, Susan L. Murray, Andrew S. Ricke Jun 2005

A Matter Of Priorities: Effects Of Increased Opportunities For Extracurricular And Non-Traditional Learning Experiences On Student Time Management And Attitudes, David Spurlock, Daniel J. Bailey, Susan L. Murray, Andrew S. Ricke

Engineering Management and Systems Engineering Faculty Research & Creative Works

Many schools are emphasizing non-traditional and extracurricular learning experiences for undergraduate engineering students. These include activities such as incorporating servicelearning projects into the classroom, involving students in design competitions (e.g., solar car, formula car races), and promoting involvement in traditional campus organizations. Often this emphasis is in response to changes in ABET requirements, desires of future employers, and needs to improve student retention. What are the effects of emphasizing these sorts of activities on student attitudes and time management decisions? We examine the influences on students' priorities for allocating their time and their perceptions of the relative importance of available …

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Can Law And Economics Be Both Practical And Principled?, David A. Hoffman, Michael P. O'Shea Jan 2002

Can Law And Economics Be Both Practical And Principled?, David A. Hoffman, Michael P. O'Shea

All Faculty Scholarship

This article describes important recent developments in normative law and economics, and the difficulties they create for the project of efficiency-based legal reform. After long proceeding without a well articulated moral justification for using economic decision procedures to choose legal rules, scholars have lately begun to devote serious attention to developing a philosophically attractive definition of well-being. At the same time, the empirical side of law and economics is also being enriched with an improved understanding of the complexities of individuals' decision-making behavior. That is where the problems begin. Scholars may have better, more plausible conceptions of well-being in hand, …

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A Benefit Cost Analysis Of The Proposal To Eradicate Mediterranean Fruit Fly From Western Australia, Kingsley Thomas Fisher, Richard Bleakley, Neil Thomson Jan 1994

A Benefit Cost Analysis Of The Proposal To Eradicate Mediterranean Fruit Fly From Western Australia, Kingsley Thomas Fisher, Richard Bleakley, Neil Thomson

Research Reports

It is estimated that it would cost between $205M and $250M to eradicated Mediterranean Fruit Fly (MFF) from Western Australia (WA). While eradication would be beneficial for fruit growers, it is unlikely that benefits would outweigh costs. The most important factor influencing the economic outcome is, how the eradication program affects the export volume and price of fruit.

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