scholarly journals How much is a public park worth? An ex ante methodology for impact and cost-benefit analysis on the example of Millenáris Széllkapu in Budapest

2020 ◽  
Vol 15 ◽  
pp. 7-21
Author(s):  
Vera Iváncsics ◽  
Zsolt Szendrei ◽  
József Obertik ◽  
Gábor Balás
Keyword(s):  
Urban Landscape ◽  
Cost Benefit Analysis ◽  
Cost Benefit ◽  
Environmental Benefits ◽  
Public Parks ◽  
Hedonic Price ◽  
Benefit Analysis ◽  
Public Park ◽  
Ex Ante ◽  
Investment Returns

Establishing a public park raises a number of methodological issues. The model worked out by HÉTFA Research Institute is suitable for cost-benefit analysis and ex ante viability test of a public park integrated into urban landscape. The paper presents the model by the example of a planned public park at one of the busiest centers of Budapest, the junction of Margit Boulevard and Millennium Park. Such a comprehensive economic evaluation for public parks has not been made in Hungary. First the mechanism of effects was set up, and by using the hedonic price method the project’s costs and benefits were presented with national and international statistical indicators and benchmarks. The investment, that has been started in 2016 with in the initial planning and demolition pays for itself by 2019. The results are tested with sensitivity analysis, which has inter alia shown that if we count by the general approach of the project management - costs are expected to increase by 10% and benefits are to reduce by 10% - investment returns for the city and their inhabitants for 2030. Furthermore, without the effect of property appreciation - the investment turns positive by 2061 thanks only to indirect social, economic, environmental benefits. According to our analysis, the park's development, which relaxes a built-in highly populated urban fabric, has become an economically profitable investment as a result of significant beneficial external effects.

scholarly journals An Ex-Ante Cost-Benefit Analysis of All-Terrain Vehicle Transportation Corridor in Southwest Alaska

2010 ◽  
Author(s):  
Lee Elder ◽  
Andy Seidl
Keyword(s):  
Cost Benefit Analysis ◽  
Cost Benefit ◽  
Secondary Data ◽  
Population Estimates ◽  
Benefit Analysis ◽  
Injury Rates ◽  
Rapid Rural Appraisal ◽  
Transportation Corridor ◽  
Ex Ante ◽  
Rural Appraisal

This research explores the construction of a geotextile ATV corridor connecting two separate village subsets, Oscarville-Napakiak and Akiak-Akiachak, in the Kuskokwim River delta. Cost-benefit analysis was used to compare the costs of constructing a geotextile trail to the benefits derived from the reduction of injuries, fatalities, and fuel consumption observed on the existing river transportation corridor during a 20-year period. Secondary data was collected for population estimates, fatality and injury rates, while the rapid rural appraisal approach was used to access the traffic rates between each village subset. The results reveal that the construction of a geotextile ATV corridor in the Alaskan bush would prove to be an economically feasible transportation alternative.

scholarly journals Environmental Cost-Benefit Analysis of Prefabricated Public Housing in Beijing

2019 ◽  
Vol 11 (1) ◽  
pp. 207 ◽  
Author(s):  
Kaicheng Shen ◽  
Chen Cheng ◽  
Xiaodong Li ◽  
Zhihui Zhang
Keyword(s):  
Public Housing ◽  
Cost Benefit Analysis ◽  
Cost Benefit ◽  
Noise Pollution ◽  
Field Investigation ◽  
Environmental Benefits ◽  
Environmental Cost ◽  
Chinese Government ◽  
Benefit Analysis ◽  
Technology Application

In recent years, prefabricated housing has become increasingly popular and widely promoted due to its potential to improve the construction environment, quality and productivity. To develop prefabricated housing and address housing challenges, the Chinese government is encouraging prefabricated public housing. Consequently, evaluating the environmental performance of prefabricated public housing to identify whether it is environmentally friendly and worthy of investment is urgently needed. This paper compares the costs and benefits of prefabricated public projects and traditional projects based on a questionnaire and field investigation. The paper introduces information from the collected questionnaires on the respondents and projects in Beijing; this information includes the prefabrication rate, technology application, barriers, and industrial performance. The paper also reports a cost-benefit analysis of the changing rates of construction costs and environmental benefits (energy consumption, water usage, construction waste, steel and concrete usage, dust and noise pollution) by using the ∆B/∆C ratio to show the efficiency of prefabricated housing. The results indicate that the ratio is 1.81, which exceeds 1; therefore, investment in prefabricated public housing is environmentally acceptable and efficient. This paper also discusses the efficiencies in different categories and structures with and without incentives. The results show that the costs are higher and the environmental benefits are efficient but not significant; thus, promoting prefabricated public housing is necessary.

Life Cycle Incremental Cost-Benefit Analysis of Green Building

2011 ◽  
Vol 71-78 ◽  
pp. 4645-4651 ◽  
Author(s):  
Min Chen ◽  
Jian Guo Chen ◽  
Xin Xin Cheng
Keyword(s):  
Life Cycle ◽  
Incremental Cost ◽  
Cost Benefit Analysis ◽  
Cost Benefit ◽  
Green Building ◽  
Environmental Benefits ◽  
Practical Significance ◽  
Benefit Analysis ◽  
Major Barrier ◽  
Evaluation Indexes

The promotion of green building has significant contribution to the implementation of sustainable development principles. And with the enhancing awareness of environment protection, green building becomes the trend of the construction industry. While its promotion is still very difficult, the major barrier affecting the application of green strategies is the high initial cost. So the incremental costs and benefits in the life cycle of green building are identified and described by math equations in this paper. Furthermore, the evaluation indexes of incremental cost-benefit analysis, considering the social benefits and environmental benefits, are given to evaluate the economy of green project, which is of certain practical significance.

Modelling of Optimum Return From Disassembly of Products

Volume 3 ◽  
2004 ◽  
Author(s):  
Behzad Motevallian ◽  
Kazem Abhary ◽  
Lee H. S. Luong
Keyword(s):  
Energy Savings ◽  
Cost Benefit Analysis ◽  
Raw Materials ◽  
Mathematical Formulation ◽  
Cost Benefit ◽  
Environmental Benefits ◽  
Benefit Analysis ◽  
Costs And Benefits ◽  
Commercial Viability ◽  
Recovery Cost

To design products simultaneously for disassembly and commercial viability, a cost-benefit model need to be developed for assessing the design for ease of disassembly as well as materials recyclability. This paper presents a mathematical formulation to maximize the profits from disassembly of products. Disassembly process involves several activities each with its associated costs and benefits. The model in this paper looks at the balance between the costs of disassembly operations and the benefits it generates through reutilization of retrieved components, and reprocessing of retrieved materials. A cost-benefit analysis include factors such as: the disassembly cost, sorting and recovery cost, dumping cost for remaining fractions, and the revenues from retrieved parts, subassemblies, components, and materials as well as the environmental benefits such as benefits of emission reduction from energy savings by savings from extraction of raw materials and their processing.

Ex ante consumer welfare evaluation in cost-benefit analysis

1986 ◽  
Vol 13 (3) ◽  
pp. 255-268 ◽  
Author(s):  
Jean-Paul Chavas ◽  
Richard C. Bishop ◽  
Kathleen Segerson
Keyword(s):  
Cost Benefit Analysis ◽  
Cost Benefit ◽  
Consumer Welfare ◽  
Benefit Analysis ◽  
Welfare Evaluation ◽  
Ex Ante

scholarly journals Green Payment and Perceived Rural Landscape Quality: A Cost-Benefit Analysis in Central Italy

2018 ◽  
Vol 10 (8) ◽  
pp. 2910 ◽  
Author(s):  
Raffaele Cortignani ◽  
Federica Gobattoni ◽  
Raffaele Pelorosso ◽  
Maria Ripa
Keyword(s):  
Agricultural Policy ◽  
Cost Benefit Analysis ◽  
Full Range ◽  
Central Italy ◽  
Cost Benefit ◽  
Rural Landscape ◽  
Environmental Benefits ◽  
Benefit Analysis ◽  
Sustainable Rural Development ◽  
Rural Landscapes

The conservation of perceived scenery of traditional extensive and diversified landscapes is a valuable aim for reaching sustainable rural development. Considering the financial budget assigned and the application rules of European Union agricultural policy (Common Agricultural Policy—CAP), the relationship between perceived landscape benefits and CAP first pillar payments is an interesting aspect to analyze. In this study, a cost-benefit analysis has been carried out in a rural area of Central Italy that represents typical Italian conditions of hilly territories. Greening payment, a mechanism aimed to boost public goods, including landscapes and their ecological functionality, was selected as a proxy for policy cost of preserving traditional extensive landscapes. The benefits of greening have been evaluated through the analysis of the people’s willingness to pay for the maintenance of extensive and diversified landscapes. The analysis conducted does not explicitly consider the full range of environmental benefits determined by greening, even if some interviewees may have perceived them in addition to the visual perception of the rural landscape. The present study can contribute to the debate on the agricultural policy post-2020, especially for a future definition of long-lasting and cost-effective sustainable interventions in hilly and extensive rural landscapes.

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