Benefit–Cost Analyses Guidebook for Airport Stormwater (2019) / Chapter Skim
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Pages 73-80
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From page 73... ...
73 Introduction to BCA A BCA is a method by which future streams of benefits and costs are identified and compared. A BCA may be applied to a single project to evaluate its financial feasibility or cost-effectiveness, or a BCA can be used to compare the outcomes of two or more projects to identify the most desirable option.
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From page 74... ...
74 Benefit–Cost Analyses Guidebook for Airport Stormwater It is essential that all benefits and costs be identified for a BCA. Some costs will be straightforward, such as those for construction and O&M, but others may be more difficult to identify, such as negative effects on the environment, community, or airport operations.
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From page 75... ...
BCA Primer 75 for inflation. In terms of a BCA, this means that all prices should be in terms of a single year.
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From page 76... ...
76 Benefit–Cost Analyses Guidebook for Airport Stormwater today would be divided by 1.05. Discounting is compounded; an amount paid or received in 2 years is divided by (1 + r)
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From page 77... ...
BCA Primer 77 profitability or cost-effectiveness. Airports can use the IRR to determine whether to proceed with a project.
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From page 78... ...
78 Benefit–Cost Analyses Guidebook for Airport Stormwater Triple Bottom Line -- How Is It Being Used? Intent of TBL Assessment Airport stormwater projects and investments can benefit from the assessment of a comprehensive range of objectives and TBL metrics, especially if sustainability is a consideration.
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From page 79... ...
BCA Primer 79 Different Approaches to TBL As described in Chapter 5, there are a variety of frameworks, tools, rating systems, checklists, and traditional decision-making processes that identify and sometimes measure the net effect of projects on the TBL. No one assessment or framework has emerged as the standard practice or predominant system (McVoy et al., 2013)
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From page 80... ...
80 Benefit–Cost Analyses Guidebook for Airport Stormwater implementation, and closing the feedback loop (Landrum & Brown et al., 2012)
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