Teaching Benefit-Cost Analysis, Tools of the Trade

r 2019

Teaching Benefit-Cost Analysis, Tools of the Trade

SOUKOPOVÁ, Jana

Basic information

Original name

Teaching Benefit-Cost Analysis, Tools of the Trade

Name in Czech

Výuka analýzy přínosů a nákladů, nástroje obchodu

Authors

SOUKOPOVÁ, Jana (203 Czech Republic, guarantor, belonging to the institution)

Edition

2019

Other information

Language

English

Type of outcome

Recenze

Field of Study

50204 Business and management

Country of publisher

Czech Republic

Confidentiality degree

není předmětem státního či obchodního tajemství

References:

URL

RIV identification code

RIV/00216224:14560/19:00110472

Organization unit

Faculty of Economics and Administration

DOI

http://dx.doi.org/10.2478/nispa-2019-0010

UT WoS

000472041500010

Keywords (in Czech)

Analýza nákladů a přínosů; výuka; metody

Keywords in English

Cost Benefit Analysis; teaching; methods

Abstract

ORIG CZ

V originále

Cost-benefit analysis (also referred to as Benefit-cost analysis, or CBA) is one of the basic techniques for evaluating investment projects. The cost-benefit analysis extends the current financial evaluation of the project to include all socio-economic (social) impacts of the project (externalities). The difference between the financial and socio-economic evaluation of the project can be illustrated on the example of a playground. While spending on the construction and operation of the playground is part of the financial analysis, the socio-economic analysis extends the evaluation results to the benefit of parents with children who will use the playground. All impacts need to be quantified for evaluation purposes.The so-called shadow prices are used for valuation of items for which market prices are not available (eg the mentioned benefit of parents with children). For example, substitution markets, willingness to pay, willingness to receive compensation, etc. can be used to determine shadow prices. The article is a review of a book dedicated to teaching CBA.

In Czech

Analýza nákladů a přínosů (též označována jako analýza nákladů a výnosů, případně anglickým termínem cost-benefit analysis, CBA) patří k základním technikám pro hodnocení investičních projektů. Analýza nákladů a přínosů rozšiřuje běžné finanční hodnocení projektu o veškeré socio-ekonomické (společenské) dopady projektu (externality). Rozdíl mezi finančním a socio-ekonomickým hodnocením projektu lze ilustrovat na příkladu dětského hřiště. Zatímco výdaje na výstavbu a provoz dětského hřiště patří do finanční analýzy, socio-ekonomická analýza rozšiřuje výsledky hodnocení i o užitek rodičů s dětmi, kteří budou hřiště využívat. Pro potřeby hodnocení je třeba veškeré dopady kvantifikovat. K ocenění položek, pro které nejsou k dispozici tržní ceny (např. zmíněný užitek rodičů s dětmi), se používají tzv. stínové ceny. Ke stanovení stínových cen lze použít např. náhražkové trhy, techniku ochoty platit, ochotu přijímat kompenzace, apod. Článek je recenzí knihy věnované výuce CBA.

Links

MUNI/A/1029/2017, interní kód MU

Name: Veřejné služby a metody hodnocení jejich kvality a efektivnosti

Investor: Masaryk University, Category A

Citovat

SOUKOPOVÁ, Jana. Teaching Benefit-Cost Analysis, Tools of the Trade. NISPAcee Journal of Public Administration and Policy : the Network of Institutes and Schools of Public Administration in Central and Eastern Europe. NISPAcee - Network of Institutes and Schools of Public Administration in Central and Eastern Europe, 2019, vol. 12, No 1, p. 219-222. ISSN 1337-9038. Available from: https://dx.doi.org/10.2478/nispa-2019-0010.

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   author = {Soukopová, Jana},
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   doi = {http://dx.doi.org/10.2478/nispa-2019-0010},
   keywords = {Cost Benefit Analysis; teaching; methods},
   language = {eng},
   issn = {1337-9038},
   journal = {NISPAcee Journal of Public Administration and Policy : the Network of Institutes and Schools of Public Administration in Central and Eastern Europe},
   title = {Teaching Benefit-Cost Analysis, Tools of the Trade},
   url = {https://content.sciendo.com/view/journals/nispa/12/1/article-p219.xml},
   volume = {12},
   year = {2019}
}

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N2  - Cost-benefit analysis (also referred to as Benefit-cost analysis, or CBA) is one of the basic techniques for evaluating investment projects. The cost-benefit analysis extends the current financial evaluation of the project to include all socio-economic (social) impacts of the project (externalities). The difference between the financial and socio-economic evaluation of the project can be illustrated on the example of a playground. While spending on the construction and operation of the playground is part of the financial analysis, the socio-economic analysis extends the evaluation results to the benefit of parents with children who will use the playground. All impacts need to be quantified for evaluation purposes.The so-called shadow prices are used for valuation of items for which market prices are not available (eg the mentioned benefit of parents with children). For example, substitution markets, willingness to pay, willingness to receive compensation, etc. can be used to determine shadow prices. The article is a review of a book dedicated to teaching CBA.
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SOUKOPOVÁ, Jana. Teaching Benefit-Cost Analysis, Tools of the Trade. \textit{NISPAcee Journal of Public Administration and Policy : the Network of Institutes and Schools of Public Administration in Central and Eastern Europe}. NISPAcee - Network of Institutes and Schools of Public Administration in Central and Eastern Europe, 2019, vol.~12, No~1, p.~219-222. ISSN~1337-9038. Available from: https://dx.doi.org/10.2478/nispa-2019-0010.

Detailed Information on Publication Record