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The cost benefit analysis that decision makers need

Foto di gruppo dei partecipanti alla conferenza SBCA

Benefit cost analysis should not determine decision makers' choices, but offer them the information they need to make the best choice.

On how best to do this, experts and academics from all over the world debated these days in Milan at the Fourth European Conference of Society for Benefit Cost Ananlysis, organized and hosted by the Department of Economics, Management and Quantitative Methods of the University of Milan.

The numbers of this edition leave a mark: 150 attendees, 3 plenary sessions, 12 thematic sessions for a total of 97 presentations divided into Regional, Health, Science, Environment, Tobacco, Policy, Transport, Methods, Regulation, Energy, Society, Pluralistic CBA.

Conducting a good cost-benefit analysis along all stages of a strategic choice, i.e., before, during, and after, is critical to optimizing available resources and to best achieve the goals one sets.