Cost-Benefit Analysis with Applications to Animal Health Programmes: Allowing for Project Risk in CBA

This discussion paper will briefly examine the concepts of risk and uncertainty, and the relevance of risk to decision making about animal health programs. Various techniques for dealing with uncertain cash flows will then be discussed, with particular emphasis on three extensions to the cost-benefit analysis, viz. sensitivity analysis, risk or venture analysis and stochastic dominance analysis. Finally, practical suggestions will be made as to choice of approach.


Editor(s):
Tisdell, Clem
Issue Date:
1996-10
Publication Type:
Working or Discussion Paper
DOI and Other Identifiers:
ISSN: 1322-624X (Other)
PURL Identifier:
http://purl.umn.edu/164572
Total Pages:
20
JEL Codes:
Q16; D81
Series Statement:
Research Papers and Reports in Animal Health Economics
21




 Record created 2017-04-01, last modified 2017-08-27

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