Cost-Benefit Evaluation Techniques User cost benefit evaluation techniques ChatGPT Cost-benefit evaluation techniques are methods used to assess the costs and benefits associated with a particular project, investment, or decision. These techniques help in comparing the expected costs and benefits to determine whether the project or decision is economically viable. Here are some commonly used cost-benefit evaluation techniques: Net Present Value (NPV): NPV calculates the present value of all expected future cash flows (benefits and costs) associated with a project, discounted at a specified rate of return. If the NPV is positive, the project is considered financially beneficial. Benefit-Cost Ratio (BCR): BCR compares the present value of benefits to the present value of costs. It is calculated by dividing the total discounted benefits by the total discounted costs. A BCR greater than 1 indicates that the benefits outweigh the costs. Internal Rate of Return (IRR): IRR is the disco...