Benefit–Cost Analyses Guidebook for Airport Stormwater (2019) / Chapter Skim
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Pages 64-72
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From page 64... ...
64 The primary purpose of a BCA is to assist in making an informed project selection. However, a BCA has value beyond that primary function.
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From page 65... ...
Using the BCA 65 the selected project optimized those considerations. It provides the substantiating data to back up the process and takes into consideration the life-cycle benefits and costs rather than simply the up-front costs.
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From page 66... ...
66 Benefit–Cost Analyses Guidebook for Airport Stormwater Internal funding is one option. When discussing a project with internal stakeholders, especially those who control airport funding allocations, a BCA can demonstrate that careful consideration was given to a wide array of costs involved in project alternatives and informed the ultimate choice.
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From page 67... ...
Using the BCA 67 communicate results of the sensitivity analysis to demonstrate the robustness of the results (i.e., changes in assumptions do not dramatically change the outcome of the analysis)
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From page 68... ...
68 Benefit–Cost Analyses Guidebook for Airport Stormwater 7.2.6 "How Does This Project Option Benefit the Airport's Overall Sustainability Initiatives? " A BCA -- especially one that includes the TBL -- can encompass a wider array of factors than an analysis of up-front capital costs alone.
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From page 69... ...
Using the BCA 69 Public Outreach and Engagement A number of airports have taken steps to involve and educate their local communities about their activities. Dayton International Airport includes information and short videos about its sustainability plan on its website, and staff have presented at Audubon Society and Lion's Club meetings.
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From page 70... ...
70 Benefit–Cost Analyses Guidebook for Airport Stormwater -$4 -$2 $0 $2 $4 $6 $8 M ill io ns Option 1 Option 2 Option 3 The environmental account is not displayed because no costs or benefits were attributed to it. Financial Social Total Figure 11.
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From page 71... ...
Using the BCA 71 In addition, BAY developed a graphic (Figure 13) to summarize the numerous benefits and costs that were incorporated in the analysis, specifying which values were incorporated into the monetary analysis and which were evaluated through nonmonetary analysis.
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From page 72... ...
72 Benefit–Cost Analyses Guidebook for Airport Stormwater Figure 15. Community benefits identified in BCA.
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