Benefit-cost analysis is simply balanced decision-making.it is very commonly used in the day to day life work since it is older than the written history. The usual seize of costs and benefits is at times inadequate since when the alternatives are complex or the data vague, then it should be to use proper techniques to keep our ideas clear, orderly and balanced.
This can be defined as narrow financial tool which can underestimate its flexibility in the addressing insubstantial values. (Boardman 2006). It also helps to set a clear cost estimate against alternative methods of achieving an insubstantial benefit, for ...
