February 2023
Intermediate to advanced
584 pages
17h 26m
English
Cost–benefit analysis is a useful method for decision-making. The analysis requires understanding and use of costs and benefits associated with each alternative involved in the problem being solved. The benefits generated from the use of a system should be higher than the costs associated in operating and maintaining the system. This chapter provides information on how to create a cost–benefit analysis and presents an application of the method to determine the acceptability of a solar photovoltaic power source for residential purposes.
A cost–benefit analysis is a process by which a decision maker can analyze available alternatives and make ...
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