Cost benefit analysis
A form of economic analysis in which costs and benefits are 
converted into monetary values for comparison
The aim of the assessment of costs and benefits is to consider 
the diverse range of impacts that may differ from one proposed
solution to another such as the effect on human health, the
environment, the land use, and issues of stakeholder concern
and acceptability by assigning values to each impact in
common units. Deciding which impacts to include or exclude
from the assessment is likely to vary on a site-by-site basis.
In many instances, it is difficult to assign a strictly monetary
or quantitative value to many of the impacts. Hence, assessments
can involve a combination of qualitative and quantitative
methods (see below). It is also useful to include a sensitivity
analysis step, particularly where this encourages decision-makers
to question their judgements and assumptions through the
eyes of other stakeholders.
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