Cost benefit analysis

Rivers, wetlands and estuaries are of high socio-economic and socio-cultural importance and provide “a myriad of benefits to society” (Vermaat et al. 2013). Unfortunately the benefits generated by rivers are difficult to quantify and evaluate but this is fundamental to undertake cost benefit analysis of the most appropriate measures for achieving the best outcomes. Numerous methodologies have been developed to undertake cost benefit analyses that are applicable to help decide on the most appropriate measures to meet a desired outcome. Part of the planning procedure should include cost benefit analysis of the proposed actions to maximise of the benefits accrued.