A proposed methodology for prioritizing project effects to include in cost-benefit analysis using resilience, vulnerability and risk perception
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Date
11/2014Keywords
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Abstract
Cost-benefit analysis (CBA) has emerged as one of the most widely used methodologies in environmental policy analysis, with many governments applying it in their decision-making procedures and laws. However, undertaking a full CBA is expensive, and conclusions must be drawn on which project or policy impacts to include in the analysis. Based on the ideas of resilience, vulnerability and risk, we suggest a method for prioritizing project impacts for inclusion in a CBA, which includes both expert assessment and citizen preferences. We then illustrate how the method can be applied in the context of land use change decisions, using a real application.
Citation
Torres Ortega , S , Hanley , N D & Diaz Simal , P 2014 , ' A proposed methodology for prioritizing project effects to include in cost-benefit analysis using resilience, vulnerability and risk perception ' , Sustainability , vol. 6 , no. 11 , pp. 7945-7966 . https://doi.org/10.3390/su6117945
Publication
Sustainability
Status
Peer reviewed
ISSN
2071-1050Type
Journal article
Rights
© 2014 by the authors; licensee MDPI, Basel, Switzerland. This article is an open access article distributed under the terms and conditions of the Creative Commons Attribution license (http://creativecommons.org/licenses/by/4.0/).
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