scholarly journals Putting the Environment Into the NPV Calculation: Quantifying Pipeline Environmental Costs

1996 ◽  
Author(s):  
Dawn R. Dott ◽  
S. C. Wirasinghe ◽  
Amit Chakma
Keyword(s):  
Cost Benefit Analysis ◽  
Stated Preference ◽  
Contingent Valuation Method ◽  
Cost Benefit ◽  
Environmental Costs ◽  
Benefit Analysis ◽  
Monetary Value ◽  
Valuation Method ◽  
Risk Of Rupture ◽  
Evaluation Stage

Pipeline projects impact the environment through soil and habitat disturbance, noise during construction and compressor operation, river crossing disturbance and the risk of rupture. Assigning monetary value to these negative project consequences enables the environment to be represented in the project cost-benefit analysis. This paper presents the mechanics and implications of two environmental valuation techniques: (1) the contingent valuation method and (2) the stated preference method. The use of environmental value at the project economic-evaluation stage is explained. A summary of research done on relevant environmental attribute valuation is presented and discussed. Recommendations for further research in the field are made.

scholarly journals Zootechnical Farm Wastewaters in Ecuador: A Treatment Proposal and Cost-benefit Analysis

Water ◽  
2019 ◽  
Vol 11 (4) ◽  
pp. 779 ◽  
Author(s):  
Paola Verlicchi ◽  
Estefania C. Avilés Sacoto ◽  
Giacomo Zanni
Keyword(s):  
Cost Benefit Analysis ◽  
Contingent Valuation Method ◽  
Cost Benefit ◽  
Social Benefit ◽  
Economic Feasibility ◽  
Benefit Analysis ◽  
Economic Activities ◽  
Natural Systems ◽  
Valuation Method ◽  
Treatment Train

This paper presents and discusses the results of a study carried out in Ecuador, where the zootechnical sector represents one of the country’s most important economic activities. It is, however, the source of many environmental problems, including the release of untreated liquid effluents and odorous emissions, and the production and disposal of solid wastes. The main aim of this study was to propose a treatment train for the zootechnical farm wastewater, combining natural systems (i.e., lagoons and subsurface flow beds) with conventional technologies and a cost-benefit analysis. With reference to a specific case study, the different steps of the treatment train were designed and the corresponding construction, operational and maintenance costs evaluated. To better assess the technical and economic feasibility of such a proposal, a cost-benefit analysis was carried out. The social benefit was evaluated by means of the contingent valuation method and a focus on the methodology and collected results was reported. The main findings discussed, in terms of selected treatments, their costs, and the financial and economic analysis of the project, could be useful for administrators, decision-makers and all technicians involved in planning and management of zootechnical farm wastewaters in developing countries, in particular in Latin America.

A Contingent Valuation Approach to Measuring the Benefits of Preschool Education

1988 ◽  
Vol 10 (1) ◽  
pp. 13-22 ◽  
Author(s):  
Colette M. Escobar ◽  
W. Steven Barnett ◽  
John E. Keith
Keyword(s):  
Contingent Valuation ◽  
Cost Benefit Analysis ◽  
Contingent Valuation Method ◽  
Economic Value ◽  
Preschool Education ◽  
Cost Benefit ◽  
State University ◽  
Benefit Analysis ◽  
Utah State University ◽  
Valuation Method

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.

Cost–benefit analysis for applied public health economic evaluation

2019 ◽  
pp. 204-232 ◽  
Author(s):  
Emma McIntosh ◽  
Camilla Baba ◽  
Willings Botha
Keyword(s):  
Public Health ◽  
Economic Evaluation ◽  
Cost Benefit Analysis ◽  
Stated Preference ◽  
Health Economic Evaluation ◽  
Public Health Intervention ◽  
Cost Benefit ◽  
Health Interventions ◽  
Benefit Analysis ◽  
Process Outcomes

Chapter 9 introduces the reader to the stages of cost–benefit analysis (CBA) as specifically applied to public health intervention economic evaluation. The specific focus of this chapter follows on from the messages of Chapter 6 on the relevance of, and methods for, quantifying the ‘outcomes’ of public health interventions in monetary form for CBA. Two case studies focus on the use of stated preference discrete choice experiment (SPDCE) methodology for valuation of multi-attribute benefits comprising health, non-health, and process outcomes of the type likely to occur in PHIs.

Environmental costs and their impact on the net present value of a hydro-electric project in Kerala, India

2003 ◽  
Vol 8 (2) ◽  
pp. 311-330 ◽  
Author(s):  
V. Santhakumar ◽  
Achin Chakraborty
Keyword(s):  
Net Present Value ◽  
Cost Benefit Analysis ◽  
Cost Benefit ◽  
Environmental Costs ◽  
Benefit Analysis ◽  
Costs And Benefits ◽  
Net Benefit ◽  
Pulp Industry ◽  
The Social ◽  
The Cost

This paper presents the operational procedures involved in incorporating the environmental costs in the cost–benefit analysis of a hydro-electric project. The proposed project, if implemented, would result in the loss of 2,800 hectares of tropical forests and dislocation of two settlements of about 200 families who are currently dependent on the forests for their livelihood. The forests are mainly used for extracting reed – a material used both by traditional artisans and the paper-pulp industry. The potential environmental costs and benefits of the project are identified and approximate estimates of some of these costs are made for items such as carbon sequestration, bio-diversity, and so on, based on similar estimates made elsewhere. These estimated environmental costs are incorporated into the analysis, and the hypothetical estimate of the non-use value, which would make the project's net benefit zero, is estimated under different discount rates. The analysis brings into sharp focus some crucial factors that have a direct bearing on the social trade-off involved in the project choice.

Application of the contingent valuation method in a developing country: a case study of the Yusufeli Dam in northeast Turkey

2010 ◽  
Vol 62 (1) ◽  
pp. 99-105 ◽  
Author(s):  
Emre Alp ◽  
Ülkü Yetiş
Keyword(s):  
Contingent Valuation ◽  
Urban Areas ◽  
Power Plants ◽  
Cost Benefit Analysis ◽  
Contingent Valuation Method ◽  
Cost Benefit ◽  
Hydroelectric Power Plant ◽  
Hydroelectric Power ◽  
Turkish Republic ◽  
Valuation Method

Hydroelectric power plants and dams often play an important role in developing countries in terms of their contribution to economy. In accordance with the energy policies of Turkish Republic, Yusufeli Dam and Hydroelectric Power Plant in Northeastern Turkey have been initiated. In this study, the Contingent Valuation Method (CVM) was conducted in Yusufeli Village to determine the environmental costs of the Yusufeli Project. The purpose is to assess the willingness to pay (WTP) of Yusufeli Village residents for restoration of the environmental impacts of the dam project and also to investigate the underlying economic, psychological, and social motivations for WTP. WTP was calculated as US$761 per person which can further be used in the cost–benefit analysis. The results from the study suggest that application of the CVM in rural and urban areas located in the same region can show differences.

scholarly journals Mortality-risk valuation, age and cause of death: out-of-hospital cardiac arrest

2017 ◽  
Vol 5 (2) ◽  
pp. 28-40
Author(s):  
Björn Sund
Keyword(s):  
Cardiac Arrest ◽  
Willingness To Pay ◽  
Cause Of Death ◽  
Road Traffic ◽  
Cost Benefit Analysis ◽  
Stated Preference ◽  
Cost Benefit ◽  
Transport Sector ◽  
Benefit Analysis ◽  
Hospital Cardiac Arrest

Economic evaluation of policies regarding out-of-hospital cardiac arrest (OHCA) is important. The value of a statistical life (VSL) for OHCA victims is the most important component in a cost-benefit analysis of interventions that have the possibility to reduce mortality from this cause. This value is not known. We use responses to a national Swedish mail survey, based on the stated-preference technique to directly elicit individuals’ hypothetical willingness to pay for a reduced risk of dying from OHCA. A lower-bound estimate of VSL for OHCA would be in range of SEK 30 to 50 million. The value is found to be higher than for comparable VSL estimates from the transport sector, even though individuals who suffer OHCAs are generally older and less healthy than people who die in road traffic accidents. The results indicate that it is not an overestimation to use the ‘baseline’ VSL value from the transport sector (SEK 24 million) in cost-benefit analysis of OHCA policy decisions and that the cause of death is important when examining willingness to pay for death risk reductions. We do not support a general declining VSL due to the age of the victims, i.e. a ‘senior death discount’, for this cause of death.Published: Online January 2017. In print December 2017.

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