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

Steve Harrison

No 164572, Animal Health Economics from University of Queensland, School of Economics

Abstract: 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.

Keywords: Health Economics and Policy; Livestock Production/Industries; Risk and Uncertainty (search for similar items in EconPapers)
Pages: 20
Date: 1996-10
References: Add references at CitEc
Citations: View citations in EconPapers (27)

Downloads: (external link)
https://ageconsearch.umn.edu/record/164572/files/WP21.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ags:uqseah:164572

DOI: 10.22004/ag.econ.164572

Access Statistics for this paper

More papers in Animal Health Economics from University of Queensland, School of Economics Contact information at EDIRC.
Bibliographic data for series maintained by AgEcon Search ().