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The role of cost benefit analysis

Published online by Cambridge University Press:  04 July 2016

D. Keith-lucas
D. Keith-lucas*
Affiliation:
Cranfield Institute of Technology
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Extract

I would begin by asking whether cost benefit analysis has any place in this symposium. It is not directly concerned with finance although one could say that it is a technique for deciding whether a thing is worth the money or, if there is more than one thing, which thing is best value for money. But we need not bring money in at all. The real object is to decide whether a thing, or which thing, is in the best interests of the community.

As such it is a proper prelude to an investment and deserves a place in the symposium.

Type
Symposium on the Problems of Financing Transport Systems
Information
The Aeronautical Journal , Volume 77 , Issue 748 , April 1973 , pp. 169 - 171
Copyright
Copyright © Royal Aeronautical Society 1973 

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References

1. Commission on the Third London Airport — Report HMSO, London 1971.Google Scholar
2. Miller, R. H. Some Air Transportation Concepts for the Future. The 14th Lanchester Memorial Lecture. The Aeronautical Journal of the Royal Aeronautical Society, Vol. 75, No. 727, pp. 431–456. July 1971.Google Scholar