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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.