Compară metode

	Multi-Criteria Policy Analysis	Benefit-Cost Analysis for Policy
Domeniu	Public Policy	Public Policy
Familie	MCDM	Process / pipeline
Anul apariției	2002	2018
Autorul original	Valerie Belton & Theodor Stewart (synthesis); MCDA tradition	Welfare-economics tradition; Boardman, Greenberg, Vining & Weimer (synthesis)
Tip	Multi-criteria decision analysis applied to policy appraisal	Monetised economic appraisal of policy options
Sursa seminală	Belton, V., & Stewart, T. J. (2002). Multiple Criteria Decision Analysis: An Integrated Approach. Boston: Kluwer Academic Publishers. ISBN: 9780792375050	Boardman, A. E., Greenberg, D. H., Vining, A. R., & Weimer, D. L. (2018). Cost-Benefit Analysis: Concepts and Practice (5th ed.). Cambridge: Cambridge University Press. ISBN: 9781108415996
Denumiri alternative	Multi-Criteria Analysis for Policy, MCDA Policy Appraisal, MCA in Policy, Multi-Criteria Policy Appraisal	Cost-Benefit Analysis in Policy, Policy Benefit-Cost Analysis, Social Benefit-Cost Analysis, BCA
Înrudite	3	3
Rezumat	Multi-criteria policy analysis applies multi-criteria decision analysis (MCDA) to appraise and rank policy options against several, often conflicting, objectives that cannot be reduced to a single money metric. Each option is scored on a set of explicit criteria — economic, social, environmental, distributional — the criteria are weighted to reflect their relative importance, and the scores are aggregated into an overall value that ranks the options. Set out comprehensively in Belton and Stewart's 2002 textbook and operationalised for government in the UK's widely used Multi-Criteria Analysis Manual, the approach makes the trade-offs in a policy decision transparent and structured rather than implicit.	Benefit-cost analysis (BCA), also called cost-benefit analysis, is a systematic appraisal that values all the material consequences of a policy in money, discounts them to present value, and recommends the option with the greatest net social benefit. Grounded in welfare economics and the compensation principle, it asks whether the gains to those who benefit exceed the losses to those who bear the costs across society as a whole. Set out comprehensively in Boardman, Greenberg, Vining and Weimer's standard textbook and operationalised by government guidance such as the UK Treasury's Green Book, BCA is the principal efficiency test applied to public investments and regulations.