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Charting a Course into the Digital Era Guidance for NOAA's Nautical Charting Mission (1994) / Chapter Skim
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Appendix E: Principles of Benefit-Cost Analysis Applied to Surveys
Pages 117-120

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From page 117...
... In mathematical terms, if B is the net present value of all benefits to society from the products and processes in place in the baseline scenario, and B' is the net present value of all benefits to society if the project is executed, the benefit of undertaking the project is then equal to B'-B. Evaluating a Single Survey If the project in question is a hydrographic survey of a particular area, the relevant costs to consider include the costs of data collection (the actual survey)
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From page 118...
... (Note that benefits in the case of surveys are often actually savings, or avoided costs, associated with such things as avoided groundings.) The critical difference is that the benefit assessment works with expected economic benefits due to the survey, as opposed to nondimensional rankings.
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From page 119...
... To be effective without interfering with scheduled survey projects, this approach requires both a reserve surveying capacity that can be activated when funded survey requests arise, and a mechanism by which other agencies and private parties can share the costs of such surveys with NOAA. The link between the survey request prioritization process and the new chart requests system should be formalized, whether the benef~t-cost approach for survey prioritization is
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From page 120...
... 1983. Economic and Environmental Principles and Guidelines for Water and Related Land Resources Implementation Studies.
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Key Terms

  • dynamic programming
  • survey projects
  • survey request
  • survey prioritization
  • potential survey

  • army corps
  • expected benefits
  • optimal schedule
  • existing surveys
  • private parties

  • construction projects
  • undertaken minus
  • cost calculation
  • investigation separately
  • realistic nor

  • environmental resources
  • related land
  • requests issued
  • environmental principles
  • social discount

  • calculating benefits
  • neither realistic
  • difficult issue
  • npv calculations
  • various user

  • priorities possibly
  • harvest volume
  • priorities changes
  • programming algorithm
  • actual survey


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