Selection of economically rational investments through cost benefit analysis

The Cost–Benefit Models for RFID Investments

RFID technology does not require line of sight and provides fast and accurate reading from a great distance without human intervention. Albeit RFID is superior to other identification systems, such as barcode, complicated cost and benefit structure inhibits worldwide adoption. As a response, there is a wide range of cost–benefit models used by both industry and academy. The aim of this chapter ...

Military Cost-Benefit Analysis: Introducing Affordability in Vendor Selection Decisions

This study extends previous research by the authors that focuses on the growing global challenge of affordability. Ballooning public debt burdens are forcing countries around the world to rethink their approaches to procurement decisions. This paper offers a new approach to government vendor selection decisions in major public procurements. A key challenge is for government purchasing agents to...

Cost-Benefit Analysis for Complex IT Investments: An Investigation of Perceived Best Practices

Performing a cost-benefit analysis (CBA) is an important initial step in planning and implementing IT investments. However, creating an accurate and useful CBA for complex IT investments (such as enterprise systems implementations) is difficult due to uncertainty in the expected benefits, costs, risks, timing, and deliverables of these frequently changing projects. This paper reports on a Q-met...

A Cost-Benefit Analysis

The purpose of this study was to evaluate and compare the clinical effects, safety, and economic cost of propofol and midazolam in the sedation of patients undergoing mechanionl ventilation in the ICU. Eighty-eight critically ill patients were studied and randomly allocated to receive short-term (less than 24 h), medium-term (24 h to 7 days), and prolonged (more than 7 days)continuous sedation ...

Evaluating Roads as Investments: A Primer on Benefit-Cost and Economic-Impact Analysis