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Theories And Approaches Regarding The Cost – Benefit Analysis Role And Principles

Author

Listed:
  • Tatiana Mosteanu

    (Academy of Economic Studies, Bucharest)

  • Mihaela Iacob

    (Academy of Economic Studies, Bucharest)

Abstract

Cost-benefit analysis, used for the first time by the French engineer Jules Dupuit, is a practical method for measuring costs and benefits of investment projects. Costs and benefits arise both today and the future, and for that reason, in order to be aggregated and brought into comparison, it is essential that all are expressed in a common measurement unit, money, and discounted at a certain moment in time. If aggregation and discounting are simple exercises of algebra, choosing the discounting rate and converting some non-monetary costs and benefits into monetary equivalent, such as the time saved or the human lives saved, represent complex calculations and intense analysis, making use of other academic fields.

Suggested Citation

  • Tatiana Mosteanu & Mihaela Iacob, 2008. "Theories And Approaches Regarding The Cost – Benefit Analysis Role And Principles," Theoretical and Applied Economics, Asociatia Generala a Economistilor din Romania - AGER, vol. 11(11(528)(s), pages 7-13, November.
  • Handle: RePEc:agr:journl:v:11(528)(supplement):y:2008:i:11(528)(supplement):p:7-13
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    File URL: http://www.asociatiaeconomistilor.ro/documente/Conferinta_FABBV_engleza.pdf
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    Cited by:

    1. Jovan, Zubovic & Jonel, Subic, 2011. "Reviewing development of active labour market policies and the evaluation techniques," MPRA Paper 35282, University Library of Munich, Germany, revised 17 Oct 2011.
    2. Zubović, Jovan & Simeunović, Ivana, 2012. "On the New Methodology of Cost‐Benefit Analysis of ALMP – The Case of Serbia," MPRA Paper 42532, University Library of Munich, Germany.

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