THE BENEFIT OF COST-BENEFIT ANALYSIS

Cost-benefit analysis (CBA) is a tool used in making decisions related to purchases of new technology and other capital items. It is a way to quantify the costs and benefits associated with various projects. CBA is particularly useful in the decision making process for public agencies to determine if the public resources entrusted are being used efficiently. This tool can be used by transit systems to determine the benefits of various projects, including new technology, to enable the decision makers to determine the best uses for the limited funds available. The paper provides a list of steps that will be useful in the preparation of a CBA and includes a case study of a completed CBA as an example.

  • Corporate Authors:

    American Public Transportation Association

    1201 New York Avenue, NW
    Washington, DC    20005
  • Authors:
    • Lerma, C H
  • Conference:
  • Publication Date: 1999

Language

  • English

Media Info

  • Pagination: p. 20-24

Subject/Index Terms

Filing Info

  • Accession Number: 00766322
  • Record Type: Publication
  • Files: TRIS
  • Created Date: Jul 5 1999 12:00AM