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

Saul Torres Ortega; Nicholas David Hanley; Pedro Diaz Simal

doi:10.3390/su6117945

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

Saul Torres Ortega^*, Nicholas David Hanley, Pedro Diaz Simal

^*Corresponding author for this work

Research output: Contribution to journal › Article › peer-review

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.

Original language	English
Pages (from-to)	7945-7966
Number of pages	22
Journal	Sustainability
Volume	6
Issue number	11
Early online date	11 Nov 2014
DOIs	https://doi.org/10.3390/su6117945
Publication status	Published - Nov 2014

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

SDG 13 Climate Action
SDG 15 Life on Land

Keywords

Cost-benefit analysis
Ranking
Impact analysis
Resilience
Vulnerability
Risk
Climate-change
Management
Systems
Criteria

Access to Document

10.3390/su6117945

Hanley_2014_Sus_AProposed
© 2014 by the authors; licensee MDPI, Basel, Switzerland. This article is an open access article distributed under the terms and conditions of the Creative Commons Attribution license (http://creativecommons.org/licenses/by/4.0/).
Final published version, 1.21 MB

Cite this

@article{e731c027245b4f678b1af299e66e2477,

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

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.",

keywords = "Cost-benefit analysis, Ranking, Impact analysis, Resilience, Vulnerability, Risk, Climate-change, Management, Systems, Criteria",

author = "\{Torres Ortega\}, Saul and Hanley, \{Nicholas David\} and \{Diaz Simal\}, Pedro",

year = "2014",

month = nov,

doi = "10.3390/su6117945",

language = "English",

volume = "6",

pages = "7945--7966",

journal = "Sustainability",

issn = "2071-1050",

publisher = "Multidisciplinary Digital Publishing Institute (MDPI)",

number = "11",

}

TY - JOUR

T1 - A proposed methodology for prioritizing project effects to include in cost-benefit analysis using resilience, vulnerability and risk perception

AU - Torres Ortega, Saul

AU - Hanley, Nicholas David

AU - Diaz Simal, Pedro

PY - 2014/11

Y1 - 2014/11

N2 - 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.

AB - 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.

KW - Cost-benefit analysis

KW - Ranking

KW - Impact analysis

KW - Resilience

KW - Vulnerability

KW - Risk

KW - Climate-change

KW - Management

KW - Systems

KW - Criteria

UR - https://www.scopus.com/pages/publications/84920735687

U2 - 10.3390/su6117945

DO - 10.3390/su6117945

M3 - Article

SN - 2071-1050

VL - 6

SP - 7945

EP - 7966

JO - Sustainability

JF - Sustainability

IS - 11

ER -

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

Abstract

UN SDGs

Keywords

Access to Document

Other files and links

Fingerprint

Cite this