Course overview

This course explains the principles of Cost Benefit Analysis (CBA) and participants will acquire the knowledge and skills in the application of CBA to environmental projects.

Cost Benefit Analysis is a decision-making process used to compare the comparative efficiency of competing projects over their lifetime.

Projects are judged in terms of their relative monetised net benefits, (total benefits minus total costs), including environmental impacts or enhancement; the project with the largest benefit:cost ratio is considered to deliver the most social benefits from the options under consideration.

 

Learning outcomes

By the end of this course you will be able to:

  • Demonstrate an understanding of and differences between equity and efficiency.
  • Demonstrate an understanding of the role that equity and efficiency play in policy making and the trade-offs involved.
  • Critically evaluate different measures of welfare changes with respect to the environment.
  • Demonstrate a systematic understanding of cost benefit analysis.
  • Demonstrate an understanding of cost benefit analysis through the application of the principles to an case study application.
Additional Course Information

Areas covered on this course will include:

  • Extended cost benefit analysis
  • Pareto optimality in a market economy
  • The compensation principle and the social welfare function
  • Principles and practice of cost benefit analysis.
  • Financial appraisal
  • Risk and uncertainty
  • Case study applications of cost benefit analysis.

 

     

    Key facts

    Course Dates
    19 - 23 Nov 2018
    Type/Duration
    Short Course - Five Days
    Entry Requirements
    Degree in a related subject. Relevant workplace experience may, in some circumstances, be accepted as qualification for entry to this course. Enquire directly to see if you qualify.
    Credits
    10
    Cost
    £1400.00
    IFST Membership
    Your course enrolment also entitles you to one year of free membership to the IFST (Institute of Food, Science and Technology).
    Course Provider
    Cranfield University
    Course Arrangements
    Full joining instructions will be confirmed by the course provider.
    Course Location
    Cranfield University
    Cohort
    Mixed Cohort
    Tutors

    Paul Burgess

    My AFTP training course has given me greater confidence day-to-day and more insight into the impact of new techniques and technologies.
    Andy Russell - Fresh Produce Technologist, Bakkavor

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