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===== Cost-Benefit Analysis ===== Introduced by Jules Dupuit in the 1840s, French engineer and economist, the cost benefit analysis is a methodology used in policy analysis as a way of weighing up projects costs and benefits, to determine whether to go ahead with a project. Beyea (1999),<ref>{{Cite web|url=https://www.enotes.com/homework-help/topic/cost-benefit-analysis-decision-making-public|title=Cost Benefit Analysis: Decision Making in the Public Sector Questions and Answers - eNotes.com|website=eNotes}}</ref> identifies the types of cost analysis used in policy making to aid decision process. These are: Cost-Benefit analysis, Cost-effectiveness, cost-utilization and cost utility.
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