Cost-Benefit Analysis of Pilot Selection: The Economic Value of Psychological Testing

2021 ◽  
Vol 6 (2) ◽  
Author(s):  
Lydia Suwargana Putri ◽  
Iwan Juwana

A common issue is that B3 steel slag waste produced by the iron and steel smelting industry is often dumped into the environment and can  lead to environmental pollution. The hazardous waste management that can be performed  is the use  of B3 steel slag waste as a road paving material. The method of analysis of this research is carried out based on the total economic value then a financial feasibility analysis is carried out using the concept of Cost Benefit Analysis (AMB). The purpose of this research is to identify and classify DUV, IUV, to perform a Total Economic Value assessment, and cost-benefit analysis. The result of the classification of the analysis of the total economic value of this research is the direct use value obtained for an  amount of Rp 2.504.943.750.000, an indirect usege value of Rp 11.285.686.875.000, and the total economic value of Rp 13.790.630.625.000. The Cost-Benefit Analysis (CBA) conducted in this study is financially feasible, because it meets the financial feasibility standards for a project with a NPV value of Rp 4.827.270.437.317, the Net BCR value of 7,78 and the Gross BCR value of 2,02, IRR of 154,2 %, and the Payback Periode of 4 months 3 days.


2014 ◽  
Vol 30 (4) ◽  
pp. 409-415
Author(s):  
Shengnan Han ◽  
Gustaf Juell-Skielse ◽  
Åsa Smedberg ◽  
Parisa Aasi ◽  
Anders G. Nilsson

Objectives: Mobile systems are widely adopted in healthcare services. Mobile reporting systems have been recently introduced for social home care by municipalities in Sweden. The study aims to assess the benefits of using these systems.Methods: We followed an expert survey approach. Data were collected by means of telephone interviews with the experts in charge of managing and implementing the systems at the municipalities. In addition, several workshops were organized for assessing the economic value of the systems at one municipality. We performed thematic analysis and cost-benefit analysis of the data.Results: The thematic analysis showed the three main benefits of using the mobile reporting systems in social home care: municipal benefits, care providers’ benefits, and care recipients’ benefits. The cost-benefit analysis indicated that the systems could bring substantial long-term economic value for municipalities. The results also revealed the difficulties encountered at the early stage of the deployment and implementation of the systems.Conclusions: The mobile systems yield benefits for all the actors, that is, municipalities, care recipients and care providers. These enhance the public-private coordination and cooperation in social home care in Sweden. The municipalities are called upon to address change management and technical challenges in the implementation.


2016 ◽  
Vol 27 (4) ◽  
pp. 454-469 ◽  
Author(s):  
Kjell Hausken

Purpose Among the many perspectives to analyze war, such as rational actor, organizational process, governmental politics and ethics, the perspective that actually incorporates the costs and benefits into a systematic theoretical structure has hardly been analyzed. The purpose of this paper is to analyze the costs and benefits perspective. Design/methodology/approach Three kinds of value are distinguished, i.e. human, economic and influence. Different actors (politicians, populations, stakeholders, etc). assign different weights to the three kinds of value. Six gradually more complicated models are developed. The first subtracts losses from gains for the three kinds of value. Thereafter, the paper accounts for multiple periods, time discounting, attitude towards risk, multiple stakeholders, subcategories for the three kinds of value, sequential decision-making and game theory. Findings The rich theoretical structure enables assessing costs and benefits more systematically and illuminatingly. The cost benefit analysis is illustrated with the 2003-2011 Iraq War. The paper estimates gained and lost value of human lives, economic value and influence value, and show how different weights impact the decision of whether to initiate war differently. Originality/value The paper provides scientists and policy makers with a theoretical structure within which to evaluate the costs and benefits of war, accounting for how different actors estimate weights, the future, risk and a variety of parameter values differently.


2010 ◽  
Vol 17 (1) ◽  
pp. 57
Author(s):  
Sarah Snyder

This cost-benefit analysis studies the most significant costs and benefits of the new requirement in Washington, D.C. that all parents of sixth-grade girls certify that their children are vaccinated against the Human Papillomavirus (HPV). Thelargest costs are the economic cost of purchasing the vaccine and the costs of administration to providers, which total just over $2.1 million per year. Additional costs that cannot be easily monetized but are included conceptually include the potential for adverse events and opportunity costs of providers and parents. The largest potential for benefits from this policy relate to the two diseases prevented by the vaccine: genital warts and cervical cancer. By quantifying the cost of treatment for both diseases and estimating the economic value of lives lost, this analysis estimates the benefits to be nearly $1.5 million yearly. Thus, the economic analysis finds this policy inefficient, since benefits greatly outweigh costs in all but one scenario of sensitivity analysis. The analysis also identifies the limitations of this study and of cost-benefit analysis generally, and cautions against the sole use of cost-benefit analysis, especially for health policy decisions.


INSIST ◽  
2017 ◽  
Vol 2 (1) ◽  
pp. 67
Author(s):  
Yuli Andriani ◽  
T.Yuri M. Zagloel ◽  
R.H. Koestoer ◽  
M. Suparmoko

Abstract— Population growth impacts on accumulating basic need. Basic foodstuff of Indonesia people is rice. The rice is derived from paddy field. The availability of paddy land use need to be maintained due to the continuously of supporting aspects ie water, paddy field. Therefore,  it is necessary to manage rice crops to yield more production. Irrigation is one way to increase rice production. Irrigation plays an important role in the success of rice production. An important role of this irrigation should be assessed economically. The economic value of irrigation for paddy production needs to be studied. An important role of the irrigation should be assessed econmically. The economic value of irrigation for paddy production needs to be studied. Study of economic value is important so that people know that the irrigation water is an important contribution in the production of rice in addition to seeds, fertilizer and labor. It is necessary for economic calculation.This study aimed to quantify the economic value of watersheds to irrigate rice fields. Economic value calculation is conducted using benefit and cost benefit analysis on use of irrigation watershed in Cahaya Alam village. Muara Enim regency in South Sumatera of provinceKeywords— Enim watershed, irrigation, benefits and costs analysis


1988 ◽  
Vol 10 (1) ◽  
pp. 13-22 ◽  
Author(s):  
Colette M. Escobar ◽  
W. Steven Barnett ◽  
John E. Keith

It is difficult to quantify and value many of the benefits of education. This paper illustrates the use of contingent valuation to obtain more complete estimates of the economic value of difficult-to-measure benefits of preschool education for handicapped children and presents a general approach for the use of contingent valuation in cost-benefit analysis of educational programs. Data for the illustration were obtained by surveying parents of children with handicapping conditions enrolled in preschool special education programs in Iowa. The survey was conducted jointly by the Department of Economics and the Early Intervention Research Institute at Utah State University. Results indicated that the contingent valuation method produces plausible results which are consistent with basic predictions of economic theory. Implications for policymaking and directions for further research are discussed.


2001 ◽  
Vol 10 (4) ◽  
pp. 295-307 ◽  
Author(s):  
T. YRJÖLÄ ◽  
J. KOLA

This study aims at assessing the costs and benefits of multifunctional agriculture, and it is one of the very first studies using a quantitative approach to this new subject. The starting point is that if current farm subsidies are regarded as means to maintain the multifunctional characteristics of agriculture, what happens if subsidies are reduced. The effects of the decline in agricultural support on multifunctional characteristics of agriculture in Finland are estimated using the cost-benefit analysis (CBA). Only a part of the consequences can be assessed by the CBA due to lack of data on the economic value of many elements of multifunctional agriculture. Hence, the results should not be generalised too strongly, but they still provide useful information for the political decision-making. Concerning further research, we should study, inter alia, what the so-called correct level of compensation for the adequate supply of public goods would be, and what kind of means of agricultural policy are the most efficient to unambiguously enhance the multifunctional character of agriculture.


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