According to Wikipedia, cost–benefit analysis “is a systematic process for calculating and comparing benefits and costs of a project, decision or government policy (hereafter, ‘project’). CBA has two purposes, says Peter Smagorinsky, distinguished research professor of English education at the University of Georgia, for the Washington Post:
1.To determine if it is a sound investment/decision (justification/feasibility),
2.To provide a basis for comparing projects. It involves comparing the total expected cost of each option against the total expected benefits, to see whether the benefits outweigh the costs, and by how much.”
I believe that it would be prudent to apply this process to the...
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