scholarly journals Cost-benefit analysis in human resources activities: an examination of the robustness of the general utility function

1986 ◽  
Author(s):  
Sue Margaret Anderson
2020 ◽  
Vol 32 (4) ◽  
pp. 543-557
Author(s):  
Nexhat Kapidani ◽  
Edvard Tijan ◽  
Marija Jović ◽  
Enis Kočan

In this paper, the costs and benefits of the National Maritime Single Window (NMSW) for coastal countries that have limited human resources and infrastructure related to maritime traffic are researched. A general method for conducting a cost-benefit analysis of NMSW implementation is proposed. Using this method and the input data for Montenegro, as an example of a small-sized coastal country, the authors assess whether such an investment in NMSW implementation can be beneficial to coastal countries with limited resources.


Risk analysis has emerged in recent years as a technique that allegedly aids decision-making in respect of the choice between alternative investments, especially energy investments. Once it is recognized that the term ‘risk’ has at least two characteristics - the probability of the event’s occurrence and its associated magnitude if it does occur - the perception of risk as a composite entity becomes important. This perception must be translated into some formulation of the way in which individuals ‘trade-olf’ probability and magnitude if risk analysis is to have a role in decision-making. But this in turn entails the requirement that we know the nature of this trade-off (the utility function) and how to aggregate from individuals to society. Even where probabilities can be established, perceptions of the magnitude of the event will differ. It is therefore not possible to standardize the outcomes to which probabilities are attached in the manner adopted by most risk analyses. The paper argues that the only proper approach is through the search for the indirect revelation of individuals’ preference for both the risks of the projects in question and their associated benefits. Formulated in this way, risk analysis becomes a sub-category of cost-benefit analysis and is not in itself a means of evaluating projects.


2011 ◽  
pp. 57-78
Author(s):  
I. Pilipenko

The paper analyzes shortcomings of economic impact studies based mainly on input- output models that are often employed in Russia as well as abroad. Using studies about sport events in the USA and Olympic Games that took place during the last 30 years we reveal advantages of the cost-benefit analysis approach in obtaining unbiased assessments of public investments efficiency; the step-by-step method of cost-benefit analysis is presented in the paper as well. We employ the project of Sochi-2014 Winter Olympic and Paralympic Games in Russia to evaluate its efficiency using cost-benefit analysis for five accounts (areas of impact), namely government, households, environment, economic development, and social development, and calculate the net present value of the project taking into account its possible alternatives. In conclusion we suggest several policy directions that would enhance public investment efficiency within the Sochi-2014 Olympics.


2007 ◽  
pp. 70-84 ◽  
Author(s):  
E. Demidova

This article analyzes definitions and the role of hostile takeovers at the Russian and European markets for corporate control. It develops the methodology of assessing the efficiency of anti-takeover defenses adapted to the conditions of the Russian market. The paper uses the cost-benefit analysis, where the costs and benefits of the pre-bid and post-bid defenses are compared.


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