I need an analysis on cost benefit analysis and how cities can use cost benefit analysis to accurately predict the value of a project.
Thank you so much,
John© BrainMass Inc. brainmass.com October 10, 2019, 7:37 am ad1c9bdddf
cost benefit analysis and how cities can use cost benefit analysis to accurately predict the value of a project
Cities can use the model of Benefit-cost analysis or also commonly known as cost-benefit analysis to assist in accurately predicting the value of a project because the model is designed to provide information-on the pure economic efficiency aspects of a project wherein terms of the value of goods and services given up in order to build it as well as any gains resulting from the operation and implementation of a project for the city. The model is predicated upon several variables that must be ascertained to determine if the benefits outweigh the costs when considering projects to build such as the example used in the reference provided for the Chicago Lakefront website reference www.gpo.gov in the above mentioned references. The city can use cost benefit analysis to determine if a specific lakefront design would produce a greater value of the goods and services than those given up in order to build it. ...
811 words with references give ideas for a paper on how citizens can predict a project's value via cost-benefit analysis.