Where to Use Cost Effectiveness Techniques Rather Than Cost Benefit Analysis

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dc.creatorMackie, Peter
dc.creatorNellthorp, John
dc.creatorLaird, James
dc.date2012-08-13T16:02:51Z
dc.date2012-08-13T16:02:51Z
dc.date2005-01
dc.date.accessioned2026-07-01T01:31:21Z
dc.descriptionCost Benefit Analysis, and the measures of economic performance that can be derived from it (see Note 6: When and How to Use NPV, IRR and Adjusted IRR), is the preferred method for demonstrating the economic justification of transport investments. Such an approach, however, relies on the ability to be able to measure costs and benefits in monetary terms (see Note 5: Framework), which renders it problematic for projects where the majority of benefits cannot be readily monetised. Such a project could be a Low Volume Rural Road (see Note 21: Low Volume Rural Roads). In such situations consideration should be given to the use of measures derived from cost effectiveness or weighted cost effectiveness (also known as Multi Criteria Analysis) techniques as the basis for the decision regarding whether to invest or not. Cost effectiveness techniques are also a very useful tool for project screening or ranking. Such a screening process ensures that projects that are subjected to a more detailed analysis (including cost benefit analysis) are those that best fit with the objectives of the investment (e.g. poverty alleviation). Section 1 of this note outlines the situations in which cost effectiveness techniques should be used, whilst Section 2 describes the two main types of approaches. Section 3 discusses the issue of economic viability and cost effectiveness whilst Section 4 presents a summary of recommendations.
dc.formatapplication/pdf
dc.formattext/plain
dc.identifierhttp://documents.worldbank.org/curated/en/2005/01/6374272/use-cost-effectiveness-techniques-rather-cost-benefit-analysis
dc.identifierhttps://hdl.handle.net/10986/11795
dc.identifierhttps://doi.org/10.1596/11795
dc.identifier.urihttp://hdl.handle.net/123456789/418875
dc.languageEnglish
dc.publisherWorld Bank, Washington, DC
dc.relationTransport Notes Series; No. TRN 9
dc.rightsCC BY 3.0 IGO
dc.rightshttp://creativecommons.org/licenses/by/3.0/igo/
dc.rightsWorld Bank
dc.subjectAGRICULTURAL DEVELOPMENT
dc.subjectBASIC ACCESS
dc.subjectBASIC ACCESS ROADS
dc.subjectBASIC ROAD ACCESS
dc.subjectBETTER ACCESS TO MARKETS
dc.subjectCLEAN DRINKING WATER
dc.subjectCOMPOSITE MEASURE
dc.subjectCOST BENEFIT
dc.subjectCOST BENEFIT ANALYSIS
dc.subjectCOST EFFECTIVE ANALYSIS
dc.subjectCOST EFFECTIVENESS
dc.subjectCOST-EFFECTIVENESS
dc.subjectDATA AVAILABILITY
dc.subjectDATA COLLECTION
dc.subjectDEVELOPING COUNTRIES
dc.subjectDISTRICT TRANSPORT MASTER PLANNING PROCESS
dc.subjectEARTH ROADS
dc.subjectECONOMIC ANALYSIS
dc.subjectECONOMIC DATA
dc.subjectFOOTBRIDGES
dc.subjectFRAMEWORK
dc.subjectGRAVEL
dc.subjectHIGHWAY PROJECTS
dc.subjectINCOME
dc.subjectLIVING STANDARDS
dc.subjectLOW VOLUME RURAL ROAD
dc.subjectMEANS OF TRANSPORT
dc.subjectMONETARY TERMS
dc.subjectMULTI CRITERIA ANALYSIS
dc.subjectPARTICIPATORY PLANNING
dc.subjectPATH
dc.subjectPATHS
dc.subjectPOLICY MAKERS
dc.subjectPOOR
dc.subjectPOOR DISTRICTS
dc.subjectPOOR PERSON
dc.subjectPOOR RURAL DWELLERS
dc.subjectPOPULATION GROUPS
dc.subjectPOVERTY ALLEVIATION
dc.subjectPOVERTY CRITERIA
dc.subjectPOVERTY REDUCTION
dc.subjectPUBLIC RESOURCES
dc.subjectQUANTITATIVE DATA
dc.subjectRATE OF RETURN
dc.subjectROAD AXIS
dc.subjectROAD CLASS
dc.subjectROAD ENGINEERING
dc.subjectROAD IMPROVEMENT
dc.subjectROAD NETWORK
dc.subjectROAD QUALITY
dc.subjectROAD TRANSPORT
dc.subjectROUGHNESS
dc.subjectROUTES
dc.subjectRURAL
dc.subjectRURAL ACCESS
dc.subjectRURAL ACCESS PROJECT
dc.subjectRURAL ACCESS ROADS
dc.subjectRURAL AREAS
dc.subjectRURAL BASIC ACCESS ROAD
dc.subjectRURAL COMMUNITIES
dc.subjectRURAL ROAD SYSTEMS
dc.subjectRURAL ROADS
dc.subjectRURAL TRANSPORT
dc.subjectRURAL TRANSPORT INFRASTRUCTURE
dc.subjectSAVINGS
dc.subjectSOCIAL DEVELOPMENT
dc.subjectSOCIAL IMPACTS
dc.subjectSOCIAL INFRASTRUCTURE
dc.subjectSPEED
dc.subjectSPOT IMPROVEMENT
dc.subjectTARGETING
dc.subjectTERRAIN
dc.subjectTRAFFIC
dc.subjectTRAFFIC LEVEL
dc.subjectTRAFFIC LEVELS
dc.subjectTRANSPORT
dc.subjectTRANSPORT ECONOMICS
dc.subjectTRANSPORT PROJECTS
dc.subjectTRANSPORT SERVICES
dc.subjectTRIPS
dc.subjectVEHICLE OPERATING
dc.subjectVEHICLE OPERATING COSTS
dc.subjectVEHICLES
dc.subjectVILLAGE TRACK
dc.subjectVILLAGE TRANSPORT
dc.subjectVILLAGE TRANSPORT NETWORK
dc.subjectWEATHER ROAD ACCESS
dc.subjectWEIGHTING SCHEME
dc.titleWhere to Use Cost Effectiveness Techniques Rather Than Cost Benefit Analysis

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