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Cost–benefit Analysis
Cost–benefit analysis (CBA), sometimes also called benefit–cost analysis, is a systematic approach to estimating the strengths and weaknesses of alternatives. It is used to determine options which provide the best approach to achieving benefits while preserving savings in, for example, transactions, activities, and functional business requirements. A CBA may be used to compare completed or potential courses of action, and to estimate or evaluate the value against the cost of a decision, project, or policy. It is commonly used to evaluate business or policy decisions (particularly public policy), commercial transactions, and project investments. For example, the U.S. Securities and Exchange Commission must conduct cost–benefit analyses before instituting regulations or deregulations. CBA has two main applications: # To determine if an investment (or decision) is sound, ascertaining if – and by how much – its benefits outweigh its costs. # To provide a basis for comparing in ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Cost
Cost is the value of money that has been used up to produce something or deliver a service, and hence is not available for use anymore. In business, the cost may be one of acquisition, in which case the amount of money expended to acquire it is counted as cost. In this case, money is the input that is gone in order to acquire the thing. This acquisition cost may be the sum of the cost of production as incurred by the original producer, and further costs of transaction as incurred by the acquirer over and above the price paid to the producer. Usually, the price also includes a mark-up for profit over the cost of production. More generalized in the field of economics Economics () is a behavioral science that studies the Production (economics), production, distribution (economics), distribution, and Consumption (economics), consumption of goods and services. Economics focuses on the behaviour and interac ..., cost is a metric that is totaling up as a result of a process ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Alfred Marshall
Alfred Marshall (26 July 1842 – 13 July 1924) was an English economist and one of the most influential economists of his time. His book ''Principles of Economics (Marshall), Principles of Economics'' (1890) was the dominant economic textbook in England for many years, and brought the ideas of supply and demand, marginal utility, and costs of production into a coherent whole, popularizing the modern Neoclassical economics, neoclassical approach which dominates microeconomics to this day. As a result, he is known as the father of scientific economics. Life and career Marshall was born at Bermondsey in London, the second son of William Marshall (1812–1901), a clerk and cashier at the Bank of England, and Rebecca (1817–1878), daughter of butcher Thomas Oliver, from whom, on her mother's death, she inherited property. Marshall had two brothers and two sisters; a cousin was the economist Ralph George Hawtrey, Ralph Hawtrey. The Marshalls were a West Country clergy, clerical f ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Victoria Line
The Victoria line is a London Underground line that runs between in South London, and in the east, via the West End of London, West End. It is printed in light blue on the Tube map and is one of the only two lines on the network to run completely underground, the other being the Waterloo & City line. The line was constructed in the 1960s and was the first entirely new Underground line in London for 50 years. It was designed to reduce congestion on other lines, particularly the Piccadilly line and the branch of the Northern line. The first section, from Walthamstow Central to , opened in September 1968 and an extension to followed in December. The line was completed to London Victoria station, Victoria station in March 1969 and was opened by Queen Elizabeth II who rode a train from Green Park tube station, Green Park to Victoria. The southern extension to Brixton opened in 1971, and (the only station in the line without an interchange) was added in 1972. The Victoria line ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
London Underground
The London Underground (also known simply as the Underground or as the Tube) is a rapid transit system serving Greater London and some parts of the adjacent home counties of Buckinghamshire, Essex and Hertfordshire in England. The Underground has its origins in the Metropolitan Railway, opening on 10 January 1863 as the world's first underground passenger railway. The Metropolitan is now part of the Circle line (London Underground), Circle, District line, District, Hammersmith & City line, Hammersmith & City and Metropolitan lines. The first line to operate underground electric locomotive, electric traction trains, the City & South London Railway in 1890, is now part of the Northern line. The network has expanded to 11 lines with of track. However, the Underground does not cover most southern parts of Greater London; there are only 33 Underground stations south of the River Thames. The system's List of London Underground stations, 272 stations collectively accommodate up ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
M1 Motorway
The M1 motorway connects London to Leeds, where it joins the A1(M) motorway, A1(M) near Aberford, to connect to Newcastle upon Tyne, Newcastle. It was the first inter-urban motorway to be completed in the UK; the first motorway in the country was the Preston Bypass, which later became part of the M6 motorway, M6. The motorway is long and was constructed in four phases. Most of the motorway was opened between 1959 and 1968. The southern end was extended in 1977 and the northern end was extended in 1999. It is also the second longest motorway in the country with the M6 motorway being the longest at 232 miles (373 km). History There had been plans before the Second World War for a motorway network in the United Kingdom. John Douglas-Scott-Montagu, 2nd Baron Montagu of Beaulieu, Lord Montagu of Beaulieu formed a company to build a 'motorway-like road' from London to Birmingham in 1923, but it was a further 26 years before the Special Roads Act 1949 was passed, which allowed ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
National Environmental Policy Act
The National Environmental Policy Act (NEPA) is a United States environmental law designed to promote the enhancement of the environment. It created new laws requiring U.S. federal government agencies to evaluate the environmental impacts of their actions and decisions, and it established the President's Council on Environmental Quality (CEQ). The Act was passed by the U.S. Congress in December 1969 and signed into law by President Richard Nixon on January 1, 1970.United States. National Environmental Policy Act of 1969. , Approved January 1, 1970. ''et seq.'' More than 100 nations around the world have enacted national environmental policies modeled after NEPA. NEPA requires Federal agencies to evaluate the environmental effects of their actions. NEPA's most significant outcome was the requirement that all executive Federal agencies prepare environmental assessments (EAs) and environmental impact statements (EISs). These reports state the potential environmental effects ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Quarterly Journal Of Economics
''The Quarterly Journal of Economics'' is a peer-reviewed academic journal published by the Oxford University Press for the Harvard University Department of Economics. Its current editors-in-chief are Robert J. Barro, Lawrence F. Katz, Nathan Nunn, Andrei Shleifer, and Stefanie Stantcheva. History It is the oldest professional journal of economics in the English language, and second-oldest in any language after the . It covers all aspects of the field—from the journal's traditional emphasis on micro-theory to both empirical and theoretical macroeconomics. Reception According to the ''Journal Citation Reports'', the journal has a 2015 impact factor of 6.662, ranking it first out of 347 journals in the category "Economics". It is generally regarded as one of the top 5 journals in economics, together with the '' American Economic Review'', ''Econometrica'', the '' Journal of Political Economy'', and '' The Review of Economic Studies''. Notable papers Some of the most inf ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Option Value
Option or Options may refer to: Computing *Option key, a key on Apple computer keyboards * Option type, a polymorphic data type in programming languages * Command-line option, an optional parameter to a command *OPTIONS, an HTTP request method Literature * ''Options'' (novel), a novel by Robert Sheckley * ''Option'' (car magazine), a Japanese car magazine * ''Option'' (music magazine), a defunct American music magazine *"Options", a 1979 story by John Varley Legal rights *Option (aircraft purchasing) * South Tyrol Option Agreement, a forced resettling contract between fascist Italy and Nazi Germany regarding the German-speaking inhabitants of South Tyrol *Option (filmmaking), a contractual agreement between a film producer and a writer, in which the producer obtains the right to buy a screenplay from the writer before a certain date. *Option (finance), an instrument that conveys the right, but not the obligation, to engage in a future transaction (for example, on some und ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
American Economic Review
The ''American Economic Review'' is a monthly peer-reviewed academic journal first published by the American Economic Association in 1911. The current editor-in-chief is Erzo FP Luttmer, a professor of economics at Dartmouth College. The journal is based in Pittsburgh. It is one of the " top five" journals in economics. In 2004, the ''American Economic Review'' began requiring "data and code sufficient to permit replication" of a paper's results, which is then posted on the journal's website. Exceptions are made for proprietary data. Until 2017, the May issue of the ''American Economic Review'', titled the ''Papers and Proceedings'' issue, featured the papers presented at the American Economic Association's annual meeting that January. After being selected for presentation, the papers in the ''Papers and Proceedings'' issue did not undergo a formal process of peer review. Starting in 2018, papers presented at the annual meetings have been published in a separate journal, '' AEA Pap ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Allen V
Allen, Allen's or Allens may refer to: Buildings * Allen Arena, an indoor arena at Lipscomb University in Nashville, Tennessee * Allen Center, a skyscraper complex in downtown Houston, Texas * Allen Fieldhouse, an indoor sports arena on the University of Kansas campus in Lawrence * Allen House (other) * Allen Power Plant (other) Businesses * Allen (brand), an American tool company * Allen's, an Australian brand of confectionery * Allens (law firm), an Australian law firm formerly known as Allens Arthur Robinson * Allen's (restaurant), a former hamburger joint and nightclub in Athens, Georgia, United States * Allen & Company LLC, a small, privately held investment bank * Allens of Mayfair, a butcher shop in London from 1830 to 2015 * Allens Boots, a retail store in Austin, Texas * Allens, Inc., a brand of canned vegetables based in Arkansas, US, now owned by Del Monte Foods * Allen's department store, a.k.a. Allen's, George Allen, Inc., Philadelphia, USA People ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Water Resources
Water resources are natural resources of water that are potentially useful for humans, for example as a source of drinking water supply or irrigation water. These resources can be either Fresh water, freshwater from natural sources, or water produced artificially from other sources, such as from reclaimed water (wastewater) or Desalination, desalinated water (seawater). 97% of the water on Earth is saline water, salt water and only three percent is fresh water; slightly over two-thirds of this is frozen in glaciers and polar climate, polar ice caps. The remaining unfrozen freshwater is found mainly as groundwater, with only a small fraction present above ground or in the air. Natural sources of fresh water include surface water, under river flow, groundwater and ice, frozen water. People use water resources for agriculture, agricultural, Industry (economics), industrial and household activities. Water resources are under threat from multiple issues. There is water scarcity, water p ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Otto Eckstein
Otto Eckstein (August 1, 1927 – March 22, 1984) was a German-American economist. He was a key developer and proponent of the theory of core inflation , which proposed that in determining accurate metrics of long run inflation, the transitory price changes of items subject to volatile pricing, such as food and energy, are to be excluded from computation. Life and career Eckstein was born in Germany in 1927 to a Jewish business family. In 1938, when he was 11 years old, he and several other family members fled the Nazi regime, first emigrating to England, and then, a year later, moving to the United States, where he made his permanent home. He held an A.B. from Princeton University and a Ph.D. from Harvard University and became a Harvard University economics professor, an economic consultant to President Lyndon Baines Johnson, and a member of the President's Council of Economic Advisers from 1964 to 1966. In 1969, he and Donald Marron co-founded Data Resources Inc., the larg ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
