Evaluating the cost‐effectiveness of new environmental technologies | Zendy

Henriksen Anne D. | Zendy; Booth Steven R. | Zendy

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Evaluating the cost‐effectiveness of new environmental technologies

Author(s) -

Henriksen Anne D.,

Booth Steven R.

Publication year - 1994

Publication title -

remediation journal

Language(s) - English

Resource type - Journals

SCImago Journal Rank - 0.762

H-Index - 27

eISSN - 1520-6831

pISSN - 1051-5658

DOI - 10.1002/rem.3440050103

Subject(s) - baseline (sea) , cost effectiveness , computer science , risk analysis (engineering) , environmental remediation , cost–benefit analysis , management science , engineering , business , ecology , oceanography , contamination , biology , geology

The purpose of this article is to present a framework for evaluating the cost‐effectiveness of innovative technologies for environmental characterization, remediation, monitoring, and waste management. The authors describe the steps involved in actually using the methodology to perform a cost‐effectiveness analysis. They provide basic techniques for designing a fair comparison, developing scenarios, choosing a baseline technology, assessing relative performance, evaluating life‐cycle costs, and calculating cost savings. Examples are used to illustrate these concepts and a case study is presented involving a new remediation technology called in‐situ air stripping.

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