A proposed methodology for prioritizing project effects to include in cost-benefit analysis using resilience, vulnerability and risk perception

Ortega, S., Hanley, N. and Simal, P. (2014) A proposed methodology for prioritizing project effects to include in cost-benefit analysis using resilience, vulnerability and risk perception. Sustainability, 6(11), pp. 7945-7966. (doi: 10.3390/su6117945)

Abstract

Cost-benefit analysis (CBA) has emerged as one of the most widely used methodologies in environmental policy analysis, with many governments applying it in their decision-making procedures and laws. However, undertaking a full CBA is expensive, and conclusions must be drawn on which project or policy impacts to include in the analysis. Based on the ideas of resilience, vulnerability and risk, we suggest a method for prioritizing project impacts for inclusion in a CBA, which includes both expert assessment and citizen preferences. We then illustrate how the method can be applied in the context of land use change decisions, using a real application.

• Item Type: Articles
• Status: Published
• Refereed: Yes
• Glasgow Author(s) Enlighten ID: Hanley, Professor Nicholas
• Authors: Ortega, S., Hanley, N., and Simal, P.
• College/School: College of Medical Veterinary and Life Sciences > School of Biodiversity, One Health & Veterinary Medicine
• Journal Name: Sustainability
• Publisher: MDPI
• ISSN: 2071-1050
• ISSN (Online): 2071-1050
• Copyright Holders: Copyright © 2014 The Authors
• First Published: First published in Sustainability 6(11):7945-7966
• Publisher Policy: Reproduced under a Creative Commons License