TAILIEUCHUNG - Referent Group Benefit-Cost Analysis

- it is the group whose net benefits are relevant to the decision-maker who commissioned the SBCA. - all members of a social group, for example, pensioners, native peoples etc. | © Harry Campbell & Richard Brown School of Economics The University of Queensland BENEFIT-COST ANALYSIS Financial and Economic Appraisal using Spreadsheets Ch. 6: Referent Group Benefit-Cost Analysis Referent Group Net Benefits What is the “referent group”? - it is the group whose net benefits are relevant to the decision-maker who commissioned the SBCA. What will the referent group normally consist of? - all residents of a region, state or country - all members of a social group, for example, pensioners, native peoples etc. If only referent group benefits are relevant, why bother to calculate efficiency net benefit? Efficiency net benefit is the aggregate net benefit for the project as a whole, using opportunity cost as efficiency prices. This relationship provides a check on the consistency of the BCA as a whole. The sum of referent group and non-referent group net benefits must equal the efficiency net benefit. Recall Figure : C (=referent group net benefits not captured by market prices) B (= non-referent group net benefits) A (= referent group net benefits) D = non-ref. group non-market net benefits (we add segment D) Why do we need BCA to identify referent group net benefits? A project evaluation will only capture benefits and costs which are fully measured by market prices. It fails to capture various public interest aspects of a project. For example: - employment benefits - indirect tax revenue changes - pollution costs etc. Four-way Classification of Net Benefits Net benefits accruing to: Referent Non-referent Group Group Captured A B by market prices Not captured by C D market prices Figure : Classification of Net Benefits Graphical Representation of Classification In specific cases some of the cells in the four-way classification can be empty. For example, in figure cell D was empty (and was omitted from the diagram) because there were no non-referent group net benefits that were not captured by the market. Such net benefits might have .

• Quỹ đầu tư
• project risk
• project risk analysis
• evaluation of investment projects
• corporate finance
• investment
• Project management
• Lecture Project management in practice
• Project risk management
• Risk management process
• Risk identification
• Risk analysis
• Information technology project management
• Information technology project
• Risk management planning
• Qualitative risk analysis
• Project Analysis Under Risk
• Project Analysis
• project costs
• project investment
• project evaluation
• technical project management
• project management for small business
• Project management in practice
• Project activity
• Risk planning
• Project charter
• Risk management
• Framework for project risk knowledge management
• Project risk knowledge management
• Construction supply chain
• Object modelling
• Project risk analysis and management
• Master Thesis in Economics
• Thesis in Economics
• Project IPO
• Investment Bank
• Bank in Malaysia
• Managing risk
• Avoiding risk
• Managerial process
• Lecture Project management
• Risk managemant and Insurance
• Risk of public private partnership project
• The risk allocation
• The public private partnership project
• Technical infrastructure
• Project management institute
• Project quality management
• Project human resource management
• Project communications management
• Quản lý dự án
• The project manager
• The work breakdown structure
• Planning the project
• The project risk plan
• Scheduling project work
• Modern project management
• Organization strategy
• Project selection
• Defining the project
• Estimating project times
• Scheduling resources
• Budgeting the project
• Cost estimating
• Improving cost estimates
• Lecture Information technology project management
• Control risks
• Information technology
• Fuzzy best worst method
• Offshore project and risk weighting
• Offshore oil projects
• Technical Risk and Project Execution
• Political Risk and Sanctions