Socio-economic evaluation

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To assist in Coastal Management and making decision regarding the coastal zone various forms of Socio-Economic evaluation are used. Any evaluation must be based on good technical knowledge of the situation on the shore regarding erosion processes etc. Then first is it possible to conduct a Socio-Economic evaluation. The steps of an evaluation is shown in the following flowchart:

Builddecision.jpg

Main methods of analysis

  • Cost-Benefit Analysis (CBA)
  • Cost-Effectiveness Analysis (CEA)
  • Multi-Criteria Analysis (MCA)

Methods for valuation of effects

  • Travel Cost Method (TCM)
  • Hedonic Pricing Method (HPM)
  • Contingent Valuation Method (CVM)
  • Production Factor Method (PFM)
  • Prevention Cost Method (PCM)
  • Shadow Project Method (SPM)
  • Benefit Transfer Method (BTM)

References

See also

Internal Links

External Links

Guideline and Case-studies available on Messina project website


The main author of this article is Persson, Mats
Please note that others may also have edited the contents of this article.

Citation: Persson, Mats (2008): Socio-economic evaluation. Available from http://www.coastalwiki.org/wiki/Socio-economic_evaluation [accessed on 15-08-2020]