atistics show that a certain district has been experiencing high death rates lately, mainly due to curable diseases. Further investigation shows that the closest hospital to this district is located 100 kilometres away. To address this problem, the government wishes to construct a hospital in this district. They have planned to construct the hospital in a game reserve located 5 kilometers away from the district. Being the only expert in this district, the Minister has requested you to undertake a cost benefit analysis for this project. Construction of the hospital is planned to be completed in 2 years and the project will have a life span of 50 years. a. State at least four direct costs and benefits associated to this project. b. State at least four indirect costs and benefits associated to this project. c. Briefly explain how each of the benefits and costs you indentified in (a) and (b) can be measured or estimated. What tools would you use? d. How would you compare the costs and benefits estimated in (c)?.
Statistics show that a certain district has been experiencing high death rates lately, mainly due
to curable diseases. Further investigation shows that the closest hospital to this district is
located 100 kilometres away. To address this problem, the government wishes to construct a
hospital in this district. They have planned to construct the hospital in a game reserve located
5 kilometers away from the district. Being the only expert in this district, the Minister has
requested you to undertake a cost benefit analysis for this project. Construction of the
hospital is planned to be completed in 2 years and the project will have a life span of 50
years.
a. State at least four direct costs and benefits associated to this project.
b. State at least four indirect costs and benefits associated to this project.
c. Briefly explain how each of the benefits and costs you indentified in (a) and (b) can
be measured or estimated. What tools would you use?
d. How would you compare the costs and benefits estimated in (c)?.
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d was not answered "How would you compare the costs and benefits estimated in (c)?"
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