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Book part
Publication date: 7 December 2001

Sardas M.N. Islam

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Optimal Growth Economics: An Investigation of the Contemporary Issues and the Prospect for Sustainable Growth
Type: Book
ISBN: 978-0-44450-860-7

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Economic Growth and Social Welfare: Operationalising Normative Social Choice Theory
Type: Book
ISBN: 978-0-44451-565-0

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Article
Publication date: 1 February 2021

Mohammad Khodabakhshi and Mehdi Ahmadi

The paper aims to present an approach to cost-benefit analysis with stochastic data. Determining the type and the values of alternative’s factors are probably the most…

Abstract

Purpose

The paper aims to present an approach to cost-benefit analysis with stochastic data. Determining the type and the values of alternative’s factors are probably the most important issue in this approach. Therefore, in the proposed approach, a competitive advantage model was built to measure the values of alternative’s factors. Then, a satisfactory cost-benefit analysis model with random data was proposed to evaluate the alternatives. The cost-benefit analysis of each alternative was carried out to obtain the real and satisfactory cost-benefit of the decision-maker.

Design/methodology/approach

This paper is orientationally expressed as a mathematical problem in which the optimization problem needs to analyze the approach. This paper is written based on uncertainty linear optimization. Optimization under uncertainty refers to this branch of optimization where there are uncertainties involved in the data or the model and is popularly known as stochastic optimization problems.

Findings

As was seen in the purpose part, in this paper, an approach is presented to cost-benefit analysis by the use of competitive advantage with stochastic data. In this regards, a stochastic optimization problem to assess competitive advantage is proposed. This optimization problem recognizes the values of alternative’s factors which is the most important step in cost-benefit analysis. An optimization problem is proposed to cost benefit analysis, as well.

Practical implications

To investigate different aspects of the proposed approach, a case study with random data of 21 economic projects was considered.

Originality/value

Cost–benefit analysis is a systematic approach to estimating the strengths and weaknesses of alternatives used to determine options which provide the best approach to achieving benefits while preserving savings. Cost–benefit analysis is related to cost-effectiveness analysis. Benefits and costs are expressed in monetary terms and are adjusted for the time value of money; all flows of benefits and costs over time are expressed on a common basis in terms of their net present value, regardless of whether they are incurred at different times. As seen the paper using competitive advantage tries to determine the values of alternative’s factor. As competitive advantage model analyze the advantages and disadvantages of alternatives, this paper by the use of this idea tries to determine the costs and benefits. Two stochastic optimization problems in the middle of this approach are proposed, which assess competitive advantage and cost–benefit analysis, respectively.

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Journal of Modelling in Management, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 1746-5664

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Optimal Growth Economics: An Investigation of the Contemporary Issues and the Prospect for Sustainable Growth
Type: Book
ISBN: 978-0-44450-860-7

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Article
Publication date: 1 January 1981

This register of current research in social economics has been compiled by the International Institute of Social Economics. The register does not claim to be comprehensive…

Abstract

This register of current research in social economics has been compiled by the International Institute of Social Economics. The register does not claim to be comprehensive but is merely an aid for research workers and institutions interested in social economics. The register will be updated and made more comprehensive in the future but this is largely dependent on the inflow of information from researchers in social economics. In order to facilitate this process a standardised form is to be found on the last page of this register. Completed forms, with attached sheets as necessary, should be returned to the compiler: Dr Barrie O. Pettman, Director, International Institute of Social Economics, Enholmes Hall, Patrington, Hull, N. Humberside, England, HU12 OPR. Any other comments on the register will also be welcome.

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International Journal of Social Economics, vol. 8 no. 1
Type: Research Article
ISSN: 0306-8293

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Article
Publication date: 29 April 2020

Giuseppe Munda and Agata Matarazzo

The purpose of this paper is to deal with one of the technical difficulties of private and social cost–benefit analysis, i.e. the choice of the proper cost–benefit

Abstract

Purpose

The purpose of this paper is to deal with one of the technical difficulties of private and social cost–benefit analysis, i.e. the choice of the proper cost–benefit aggregation rule (or method) to use, when a private capital investment decision has to be taken or a public project appraisal has to be carried out.

Design/methodology/approach

Although the considerable amount of existing literature, the problem of the choice of the right mathematical aggregation rule is still an open one. The majority of authors claim that net present value is a superior method and thus it is the one to be always used. Other authors try to show that various aggregation methods, under specific conditions, arrive at the same recommendation. An exceptional case is the field of education economics where the internal rate of return is widely used.

Findings

This paper offers a survey of this controversial topic which focuses on some clear cut formal properties of the various aggregation methods and considers the empirical characteristics of the different fields of application. Its main conclusion is that no “correct” aggregation rule, always applicable in all decision frameworks, can exist.

Originality/value

Its main objective is to supply clear guidelines to orient practitioners and help the teaching on this topic. Its main conclusion is that no “correct” aggregation rule, always applicable in all decision frameworks, can exist. On the contrary, even if one restricts her/himself to a particular class of investments, often no clear-cut selection can be made.

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Article
Publication date: 7 January 2014

Tom van Lier, Astrid De Witte, Olivier Mairesse, Joachim Hollevoet, Dimokritos Kavadias and Cathy Macharis

– The main purpose of this study is to evaluate the social relevance of school transport in Flanders, Belgium, by using a social cost-benefit analysis (SCBA).

Abstract

Purpose

The main purpose of this study is to evaluate the social relevance of school transport in Flanders, Belgium, by using a social cost-benefit analysis (SCBA).

Design/methodology/approach

The use of a SCBA already showed to be an appropriate tool for the appraisal of transport projects as it generates a large amount of information on the investment and its return for society.

Findings

This paper clearly shows that organizing school transport is socially relevant, using a SCBA as a tool for evaluation. The analysis also provides insight in potential ways for improving school transport organization and financing and allows assessing whether further gains for society are possible. It reveals that the budget granted for the obligatory organization of school transport is not sufficient and that schools are generally forced to use part of their educational budget to be able to organize the (socially relevant) school transport.

Practical implications

Findings from this study can assist schools and organizers of school transport in improving their organization. It demonstrates the strengths and weaknesses of the investment.

Originality/value

Not many socio-economic evaluations of school transport have been done in literature. This study supports the use of SCBA within this context, further developing its use to answer similar research questions.

Details

International Journal of Social Economics, vol. 41 no. 2
Type: Research Article
ISSN: 0306-8293

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Article
Publication date: 1 May 1990

Sushil

A systems perspective of waste management allows an integratedapproach not only to the five basic functional elements of wastemanagement itself (generation, reduction…

Abstract

A systems perspective of waste management allows an integrated approach not only to the five basic functional elements of waste management itself (generation, reduction, collection, recycling, disposal), but to the problems arising at the interfaces with the management of energy, nature conservation, environmental protection, economic factors like unemployment and productivity, etc. This monograph separately describes present practices and the problems to be solved in each of the functional areas of waste management and at the important interfaces. Strategies for more efficient control are then proposed from a systems perspective. Systematic and objective means of solving problems become possible leading to optimal management and a positive contribution to economic development, not least through resource conservation. India is the particular context within which waste generation and management are discussed. In considering waste disposal techniques, special attention is given to sewage and radioactive wastes.

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Industrial Management & Data Systems, vol. 90 no. 5
Type: Research Article
ISSN: 0263-5577

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Article
Publication date: 1 January 1977

Adrian Ziderman

It is just over fifty years since the British government instigated the scheme that was to lead to the setting up of Government Training Centres (GTCs) shortly afterwards.

Abstract

It is just over fifty years since the British government instigated the scheme that was to lead to the setting up of Government Training Centres (GTCs) shortly afterwards.

Details

International Journal of Social Economics, vol. 4 no. 1
Type: Research Article
ISSN: 0306-8293

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Abstract

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Sustainability Assessment
Type: Book
ISBN: 978-1-78743-481-3

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