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Risk Management - Cost-Benifit Analysis of Risk Treatments
 
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In this session I want to talk about the cost-benefit analysis for risk treatments. When we have a risk and it is determined that it exceeds our risk appetite and therefore we need to do something about it, we then need to look at treatments
Views: 1076 Paladin Risk
Risk benefit analysis
 
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Risk--benefit analysis is the comparison of the risk of a situation to its related benefits. Exposure to personal risk is recognised as a normal aspect of everyday life. We accept a certain level of risk in our lives as necessary to achieve certain benefits. In most of these risks we feel as though we have some sort of control over the situation. For example, driving an automobile is a risk most people take daily. Reference: http://en.wikipedia.org/wiki/Risk%E2%80%93benefit_analysis Created at http://www.b2bwhiteboard.com
Views: 1911 B2Bwhiteboard
What is RISK-BENEFIT RATIO? What does RISK-BENEFIT RATIO mean? RISK-BENEFIT RATIO meaning
 
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What is RISK-BENEFIT RATIO? What does RISK-BENEFIT RATIO mean? RISK-BENEFIT RATIO meaning - RISK-BENEFIT RATIO definition - RISK-BENEFIT RATIO explanation. Source: Wikipedia.org article, adapted under https://creativecommons.org/licenses/by-sa/3.0/ license. SUBSCRIBE to our Google Earth flights channel - https://www.youtube.com/channel/UC6UuCPh7GrXznZi0Hz2YQnQ A risk–benefit ratio is the ratio of the risk of an action to its potential benefits. Risk–benefit analysis is analysis that seeks to quantify the risk and benefits and hence their ratio. Analyzing a risk can be heavily dependent on the human factor. A certain level of risk in our lives is accepted as necessary to achieve certain benefits. For example, driving an automobile is a risk most people take daily, also since it is mitigated by the controlling factor of their perception of their individual ability to manage the risk-creating situation. When individuals are exposed to involuntary risk (a risk over which they have no control), they make risk aversion their primary goal. Under these circumstances individuals require the probability of risk to be as much as one thousand times smaller than for the same situation under their perceived control (a notable example being the common bias in the perception of risk in flying vs. driving). Evaluations of future risk can be: Real future risk, as disclosed by the fully matured future circumstances when they develop. Statistical risk, as determined by currently available data, as measured actuarially for insurance premiums. Projected risk, as analytically based on system models structured from historical studies. Perceived risk, as intuitively seen by individuals.
Views: 370 The Audiopedia
Risk Treatment: Cost versus Benefit
 
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To treat or not to treat risks? It can sometimes be a dilemma. How much should be spent in treating risks? At what point is it desirable to stop spending on risk reduction? With an understanding of risks as the effect of uncertainty on the achievement of objectives, it is vital to consider threats as well as opportunities. Having done thorough risk assessments, organizations need to move with pace to treating risk, implementing steps to reduce threats or maximize the value of opportunities. In this webinar, the presenter explores risk treatment as a key process in risk management, the various options available and how decisions are made on options, taking costs and benefits into consideration. Main points covered: • The importance of risk treatment in an effective risk management system • Determining whether to treat or not to treat risks(cost/benefit analysis and the ALARP principle) • Options for treating risks • Conclusions Presenter: This session was presented by PECB Trainer, Jacob McLean, Principal Consultant and Managing Director of Kaizen Training & Management Consultants Limited. Date: April 21, 2016 Organizer: Alba Keqa, PECB - https://www.pecb.com/ Slides of the webinar: http://bit.ly/1T8Cbyy
Views: 834 PECB
Cost-Benefit Parameters for a Financial Analysis
 
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This video is a part of Conservation Strategy Fund's collection of environmental economic lessons and was made possible thanks to the support of the Gordon and Betty Moore Foundation and the Marcia Brady Tucker Foundation. This series is for individuals who want to learn - or review - the basic economics of conservation. In this video, you will learn how to use a spreadsheet to conduct a financial cost-benefit analysis. To follow this series, subscribe to our YouTube channel. For more information on these and other trainings from Conservation Strategy Fund, check out: http://www.conservation-strategy.org/ For copyright information on all sound effects, see http://www.conservation-strategy.org/en/page/csf-economic-video-lessons-sound-references
Problem Solving Techniques #7: Cost-Benefit Analysis
 
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Use a simple tool to help you solve problems from a financial point of view, with an easy to use cost-benefit ratio.
Views: 87024 Eugene O'Loughlin
Lesson 6 video 1: Risk, Uncertainty and Sensitivity Analysis
 
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In this and next videos I will explain how to incorporate risk and uncertainty in the economic evaluation of projects for the purpose of investment. I will explain how you can apply the sensitivity analysis techniques to evaluate the projects in this case. There are several quantitative methods for incorporating risk and uncertainty. I will explain two of these methods: 1) Sensitivity analysis or probabilistic sensitivity analysis 2)Expected value or expected net present value
Views: 6444 F. Tayari
Intro to Cost-Benefit Analysis
 
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This video is a part of Conservation Strategy Fund's collection of environmental economic lessons and was made possible thanks to the support of the Gordon and Betty Moore Foundation and the Marcia Brady Tucker Foundation. This series is for individuals who want to learn - or review - the basic economics of conservation. In this video, you will be introduced to the concept of a cost benefit analysis. You will learn the difference between decision making from the perspective of a private firm vs. a larger society and how this applies to environmental conservation. To follow this series, subscribe to our YouTube channel. For more information on these and other trainings from Conservation Strategy Fund, check out: http://www.conservation-strategy.org/ For copyright information on all sound effects, see http://www.conservation-strategy.org/en/page/csf-economic-video-lessons-sound-references
Risk Benefit Analysis of Statins
 
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This video explains and balances the risks and benefits of statin use. There are risks from myopathy (muscle tissue breakdown), advancement of diabetes, and even a potential risk of stroke. So, why do doctors routinely recommend statins? Because they save lives. -~-~~-~~~-~~-~- Please watch: "A new test for heart attack/stroke risk; PULS - the test we've been seeking? unstable plaque test? " https://www.youtube.com/watch?v=0nCofPbwa8A -~-~~-~~~-~~-~-
Views: 733 Ford Brewer
Project Risk Analysis:  Benefit or Burden?
 
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A critical issue that often arises in discussions with potential clients is whether project risk analysis and management adds enough additional value to make up for the additional cost and effort. As with many processes, the answer depends upon the nature of both your business and projects. In the webinar we will discuss the following topics in regard to project risk analysis and management: - What are the general goals of project risk analysis? - What are the potential benefits and burdens? - When should risk analysis be performed? - How should risk analysis be performed to maximize its value?
The Benefits of Taking Risk
 
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Are you taking enough risks in your life, or are you down keeping your ship safe in the harbour? All the big players in the world realise that to break out of your comfort zone and really go after what you want in life, you're gonna have to put something on the line at some stage. Don't just impulsively quit your job, or play a $5k hand at black jack. Learn how to calculate your risks effectively and mindfully. Please contact us if you would like to see some of our free programs for risk analysis, and financial management. Contact - http://bit.ly/2z63lqa
Views: 210 Ray Behan THINK BIG
Risk Analysis
 
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This video is a part of Conservation Strategy Fund's collection of environmental economic lessons and was made possible thanks to the support of the Gordon and Betty Moore Foundation and the Marcia Brady Tucker Foundation. This series is for individuals who want to learn - or review - the basic economics of conservation. In this video, you will learn how to set up a risk analysis within a cost-benefit analysis. With a risk analysis, one can determine the possibility of a project turning negative. To follow this series, subscribe to our YouTube channel. For more information on these and other trainings from Conservation Strategy Fund, check out: http://www.conservation-strategy.org/ For copyright information on all sound effects, see http://www.conservation-strategy.org/en/page/csf-economic-video-lessons-sound-references
MGTOW: Analyzing the costs, benefits, and risks of relationships
 
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Don't forget to do a cost/benefit/risk analysis before making any life changing decision! Stardusk's vid: https://www.youtube.com/watch?v=PRFIpFjsUDI Aaron's vid: https://www.youtube.com/watch?v=0_0tKqz3pp4 Photo of a LEGO hot rod
Views: 5129 Raging Golden Eagle
Sensitivity Analysis
 
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This video is a part of Conservation Strategy Fund's collection of environmental economic lessons and was made possible thanks to the support of the Gordon and Betty Moore Foundation and the Marcia Brady Tucker Foundation. This series is for individuals who want to learn - or review - the basic economics of conservation. In this video, you will learn how to set up a sensitivity analysis within a cost-benefit analysis. To follow this series, subscribe to our YouTube channel. For more information on these and other trainings from Conservation Strategy Fund, check out: http://www.conservation-strategy.org/
Flood Risk Management: Consideration of Benefits and Costs
 
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Bob Selsor of the U.S. Army Corps of Engineers' Philadelphia District explains how benefits and costs are factored into studies on flood risk management measures.
Cost Benefit Analysis
 
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PLS 313: Week 3, Lecture 2
Views: 1361 mellybinthesea
Cost Benefit Analysis - Simply Explained (Khan Academy Talent Search)
 
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This is a video for Khan Academy. Here, I have explained Cost-Benefit Analysis. Various factors to be considered during CBA with an illustration.
Views: 55077 Karuppiah Senthil
Fight Club - Risk-Benefit Analysis
 
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Scene from Fight Club explaining a company's method for determining recalls.
Views: 311 fsuer19
How to Take Any Decision | Cost Benefit Analysis | Dr Vivek Bindra
 
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In this video Dr Vivek Bindra talks about Cost Benefit Analysis and how it helps in taking decision in life and business, be it big or small. Dr Vivek Bindra also talks about various monitory and non monitory costs and benefits that you should keep in mind while taking a decision. To Attend a 4 hour Power Packed “Extreme Motivation & Peak Performance” Seminar of BOUNCE BACK SERIES, Call at +919310144443 or Visit https://bouncebackseries.com/ To attend upcoming LEADERSHIP FUNNEL PROGRAM, Call at +919810544443 or Visit https://vivekbindra.com/upcoming-programs/leadership-funnel-by-vivek-bindra.php Watch the Leadership Funnel Program Testimonial Video, here at https://youtu.be/xNUysc5b0uI Follow our Official Facebook Page at https://facebook.com/DailyMotivationByVivekBindra/ and get updates of recent happenings, events, seminars, blog articles and daily motivation.
Cost Benefit Analysis - Sensitivity Analysis Excel Model (Project Output Sensitivity Tester (POST))
 
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Sensitivity analysis is used to incorporate risk into a cost benefit analysis. There are several approaches to sensitivity analysis. These approaches vary from applying percentage changes to benefit and cost categories to Monte Carlo Simulation on costs and/or benefits. The video looks at the project outputs sensitivity tester (POST) model that I have developed in Microsoft Excel. The model requires analysis to be conducted in the user’s original model prior to the use. This analysis should include identification and calculation of all relevant scenarios. The outputs of these scenarios are to be entered into POST. POST can be used to calculate a distribution of investment costs and can include as many as ten contingencies. Along with the distribution of costs, POST also calculates the P10, P50, P90, expected value, and standard deviation. This function of POST is recommended if only a base cost estimate or a strategic estimate is available. This function is not recommended if a full cost estimate has been conducted. The strength of the POST model is its capability to calculate distributions of benefits using assigned probability as well as Monte Carlo Simulation. The user of the model can identify up to six non-correlated parameters to adjust in the analysis. The user is able to adjust the parameters up or down. POST is capable of calculating all possible combinations of changes to parameters. Using the results, POST will provide distributions of the project’s benefit cost ratio (BCR) and net present value (NPV). POST also runs Monte Carlo Simulation of 2000 iterations to support the distribution calculated using all possibilities. As only six non-correlated parameters are adjusted, 2000 iterations should provide an accurate result. POST presents the NPV and BCR at P10, P50, and P90 as well as provides the expected value (recommended to be reported as the final result) and the standard deviation. POST also includes the probability the project will exceed the cut-off/hurdle BCR. The cut-off/hurdle BCR is the minimum BCR required for the project to be considered for funding. This video is a follow up to another cost benefit analysis sensitivity analysis video that is currently published on this channel. This video is available at: https://www.youtube.com/watch?v=86GONFJ1C4M The cost benefit analysis series is available at: https://www.youtube.com/watch?v=aOYAPxAtZeg&list=PL_-TsqunhENi8R_HKMO5P5SBX7KYtHWoh The official Spectrum Economics website can be accessed at: https://www.spectrumecons.com For more exciting videos go to my YouTube channel at https://www.youtube.com/channel/UCILwyLtjl7ZTlYOqFkAwLzw You can find me on LinkedIn at: https://www.linkedin.com/in/waynedavies-spectrumecons/ You can find me on Facebook at: https://www.facebook.com/SpectrumEconomics/ You can find me on Steemit at: https://steemit.com/@spectrumecons
Views: 608 Spectrum Economics
Cost-Benefit Scenarios
 
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This video is a part of Conservation Strategy Fund's collection of environmental economic lessons and was made possible thanks to the support of the Gordon and Betty Moore Foundation and the Marcia Brady Tucker Foundation. This series is for individuals who want to learn - or review - the basic economics of conservation. In this video, you will be introduced to the concept of scenarios within a cost benefit analysis. You will learn about cost effectiveness analysis projects and how to consider the various costs and benefits involved. To follow this series, subscribe to our YouTube channel. For more information on these and other trainings from Conservation Strategy Fund, check out: http://www.conservation-strategy.org/ For copyright information on all sound effects, see http://www.conservation-strategy.org/en/page/csf-economic-video-lessons-sound-references
What is RISK ASSESSMENT? What does RISK ASSESSMENT mean? RISK ASSESSMENT meaning & explanation
 
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What is RISK ASSESSMENT? What does RISK ASSESSMENT mean? RISK ASSESSMENT meaning - RISK ASSESSMENT definition -RISK ASSESSMENT explanation. Source: Wikipedia.org article, adapted under https://creativecommons.org/licenses/by-sa/3.0/ license. Risk assessment is the determination of quantitative or qualitative estimate of risk related to a well-defined situation and a recognized threat (also called hazard). Quantitative risk assessment requires calculations of two components of risk (R): the magnitude of the potential loss (L), and the probability (p) that the loss will occur. An acceptable risk is a risk that is understood and tolerated usually because the cost or difficulty of implementing an effective countermeasure for the associated vulnerability exceeds the expectation of loss. "Health risk assessment" includes variations, such as risk as the type and severity of response, with or without a probabilistic context. In all types of engineering of complex systems sophisticated risk assessments are often made within safety engineering and reliability engineering when it concerns threats to life, environment or machine functioning. The nuclear, aerospace, oil, rail and military industries have a long history of dealing with risk assessment. Also, medical, hospital, social service and food industries control risks and perform risk assessments on a continual basis. Methods for assessment of risk may differ between industries and whether it pertains to general financial decisions or environmental, ecological, or public health risk assessment. Risk assessment consists of an objective evaluation of risk in which assumptions and uncertainties are clearly considered and presented. Part of the difficulty in risk management is that both the quantities by which risk assessment is concerned – potential loss and probability of occurrence – can be very difficult to measure. The chance of error in measuring these two concepts is high. Risk with a large potential loss and a low probability of occurrence, is often treated differently from one with a low potential loss and a high likelihood of occurrence. In theory, both are of near equal priority, but in practice it can be very difficult to manage when faced with the scarcity of resources, especially time, in which to conduct the risk management process. Financial decisions, such as insurance, express loss in terms of dollar amounts. When risk assessment is used for public health or environmental decisions, loss can be quantified in a common metric such as a country's currency or some numerical measure of a location's quality of life. For public health and environmental decisions, loss is simply a verbal description of the outcome, such as increased cancer incidence or incidence of birth defects. If the risk estimate takes into account information on the number of individuals exposed, it is termed a "population risk" and is in units of expected increased cases per a time period. If the risk estimate does not take into account the number of individuals exposed, it is termed an "individual risk" and is in units of incidence rate per a time period. Population risks are of more use for cost/benefit analysis; individual risks are of more use for evaluating whether risks to individuals are "acceptable".
Views: 3440 The Audiopedia
How should cost-benefit analysis be applied to risk management? By Brian Barnier
 
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Brian Barnier is focused on growing companies, investments and countries, bringing practical insight to investors, boards and management to help them bridge from strategy to execution. He accelerates improvement in business results through a "risk lens" that incorporates both growth and turnaround lessons learned across industries, professional disciplines and countries. Brian is the author of The Operational Risk Handbook for Financial Companies: A Guide to the New World of Performance-Oriented. #DESCRIPTION Brian Barnier addresses the issue of cost-benefit as it relates to risk management. He talks about how using the performance driven approach can lower costs and improve business processes. Subscribe for more SarderTV: http://bit.ly/1osk5yg Follow our Official Twitter: http://bit.ly/1tIwTzK Check out exclusive SarderTV content: Web - http://bit.ly/1xpv37D Facebook - http://on.fb.me/1EbljQi #ABOUT SARDERTV SarderTV is an independent, educational media company, focusing on the subjects that fascinate, inspire and teach executives. Because the relationship between success and learning is parallel, SarderTV provides exclusive interviews with the authors, leaders, and taste makers currently affecting industry. Led by Russell Sarder and a team of dynamic and creative programming and content creators, experienced leadership and seasoned advisors, SarderTV launched in 2012. SarderTV is an exciting, forward thinking media company focused on the promotion of learning.
Views: 90 Russell Sarder
Cost Benefit Analysis Template Download (Free of Risk Download)
 
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** GO TO LINK: http://tinyurl.com/orgesjz/cost-benefit-analysis-template/y3 Download Cost Benefit Analysis Template 2.02.1 and Enter expected costs and benefit of a proposed project or investment over a multi-year time horizon. Cost Benefit Analysis Template - SOFTWARE 2.0. access it secure cost benefit analysis template cost benefit analysis template excel cost benefit analysis template powerpoint cost benefit analysis template simple cost benefit analysis template xls cost benefit analysis template healthcare cost benefit analysis template microsoft cost benefit analysis template ppt cost benefit analysis template word cost benefit analysis template for it project For we Sugar is an indulgence along with a treat, but in actual fact, and according to researchers, sugar is more like a drug than anything else, and the Cost Benefit Analysis Template Website especially inconvenient truth is that it will be much worse for us than we think. Technical analysis might fail about stocks below this cost because they can be easily manipulated. Bake for 45 mins turning every 15 mins plus brushing with marinade till cooked. The situation becomes even more complicated when anything has been said which triggers an internal protective response inside either of you. Some people have a super hard time wrapping their brains around several of these techniques. These are generally particularly important inside overhead achieving and lifting motions. But, there are other wellness effects these as acne, tiredness, food cravings, becoming conveniently irritated and fat loss. An experienced programmer handles a big project properly, plus when you face any technical difficulty following project completion, he could solve the Cost Benefit Analysis Template Website technical issues immediately. Trump started to reemerge inside the Cost Benefit Analysis Template Website late 90s, nevertheless, plus his financial success was obvious by the Cost Benefit Analysis Template Website ventures he was undertaking. Hydroxycut might be bought at heath stores, grocery stores, pharmacies, plus other retailers. After the Cost Benefit Analysis Template Website Earthquake, various of spots housing poker machines were shut down.
Views: 231 Julia Wynn
Introduction to Schedule Risk Analysis
 
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What is Schedule Risk Analysis? Benefits of Schedule Risk Analysis. Uses of Schedule Risk Analysis at different phases of the project life-cycle.
Views: 4734 RiskInteg
Cost Benefit Analysis - Sensitivity Analysis
 
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Sensitivity analysis is used to incorporate risk into a cost benefit analysis. There are several approaches to sensitivity analysis. These approaches vary from applying percentage changes to benefit and cost categories to Monte Carlo Simulation on costs and/or benefits. This video compares these approaches assessing their strengths and weaknesses. The video looks at the depth of analysis necessary for a reliable sensitivity analysis. This involves revisiting key drivers and assumptions applied to the initially analysis. Key drivers and assumptions are often represented by the parameters used to calculate benefits and costs. The parameters which cause the greatest fluctuation in the results are recommended to be focused on in the sensitivity analysis. The video looks at how there is a greater focus on cost when it comes to detailed analysis of risk. Monte Carlo Simulation is regularly applied to costs but almost never to benefits. The video explains how Monte Carlo Simulation can be applied to both benefits and costs. It explains that Monte Carlo Simulation should be applied to the net present value (NPV) and benefit cost ratio (BCR) rather than to benefits and costs separately. I have another video that explains how sensitivity analysis can be applied using Microsoft Excel. I will add the link once the video is uploaded. The cost benefit analysis series is available at: https://www.youtube.com/watch?v=aOYAPxAtZeg&list=PL_-TsqunhENi8R_HKMO5P5SBX7KYtHWoh The official Spectrum Economics website can be accessed at: https://www.spectrumecons.com For more exciting videos go to my YouTube channel at https://www.youtube.com/channel/UCILwyLtjl7ZTlYOqFkAwLzw You can find me on LinkedIn at: https://www.linkedin.com/in/waynedavies-spectrumecons/ You can find me on Facebook at: https://www.facebook.com/SpectrumEconomics/ You can find me on Steemit at: https://steemit.com/@spectrumecons
Views: 553 Spectrum Economics
Risk Benefit Analysis in Therapies for the Diseases and Disabilities of Aging - Panel Discussion
 
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Rejuvenation Biotechnology 2014 "Risk-Benefit Analysis in Therapies for the Diseases and Disabilities of Aging" Panel Discussion (August 22, 2014, 1:00pm) Today, the translation of healthcare innovations into patient outcomes is an inherently multi-stakeholder effort. Consequently, there is a major need to maintain rigor and independence in the regulation of healthcare innovations, while improving regulatory transparency and opportunities for multi-stakeholder input to accommodate fundamental changes in the life-science ecosystem and global healthcare demands. A key strategy in this endeavor is the development and utilization of novel risk-benefit appraisal methodologies, leveraging advances in patient reported outcomes (PROMS), stratified medicines – including ‘big data’ and risk management methodologies utilized presently in other industries. Participants: • David Brindley, Research Fellow, University of Oxford/Center for the Advancement of Sustainable Medical Innovation (Moderator) • Richard Barker, Director, Center for the Advancement of Sustainable Medical Innovation • Chris Hornsby, Head of Model Development, Life Risks, Risk Management Solutions, Inc. • Brock Reeve, Executive Director, Harvard Stem Cell Institute Visit http://www.sens.org/videos/rejuvenation-biotechnology-2014 to view the rest of our RB2014 videos.
Views: 285 SENS Foundation
High Risk/Low Frequency Events in the Fire Service
 
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This is a video I watched while training for my Wildland Fire Cert. I felt like it had a great message and believe every company officer should watch.
Views: 165001 Randy Hurtado
3.3 Benefit-risk assessment throughout the lifecycle ...
 
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Speaker: Hans-Georg Eichler, EMA 3.3 Benefit-risk assessment throughout the lifecycle of the medicine: what are the future challenges? 3. How to explain benefit-risk decisions to stakeholders? Workshop on regulatory and methodological standards to improve benefit/risk evaluation of medicines 26 February 2014
Views: 1690 emainfo
Benefit risk assessment in pharmacovigilance
 
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Speaker: Ola Caster (2017) This two part talk covers the concepts, principles and methods in benefit-risk assessment and why it is an important area. Dr. Ola Caster has worked at UMC since 2007. His primary focus is research on quantitative methods for benefit-risk assessment. Another area of interest is exploratory analysis of VigiBase and other post-marketing data sources, for example to support the early detection of potential drug-drug interactions and drug dependence issues. Ola is also involved in some signal detection and analysis work. Follow UMC: Twitter: http://www.twitter.com/UMCGlobalSafety Facebook: http://www.facebook.com/UppsalaMonitoringCentre
MGTOW Cost Benefit Analysis a MUST WATCH!
 
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Want to buy me a drink and a cigar? paypal at paypal.me/johnsfanfunding or go to ..help John fight his bad (good) . if you don't watch this, you are asking for failure. Don't forget to do a cost/benefit/risk analysis before making any life changing decision! Stardusk's vid: Aaron's . Fox News discusses marriage. MGTOW or men going their own way is a phenomenon happening throughout the entire world, as men are walking away from traditional relationships (ie.
Views: 1167 Ysamo Francis
Video SDSS 3 Cost Benefit Analysis
 
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RiskChanges Spatial Decision Support System. Part 3: Cost Benefit analysis. Within the framework of the EU FP7 Marie Curie Project CHANGES and the EU FP7 Copernicus project INCREO a spatial decision support system was developed with the aim to analyse the effect of risk reduction planning alternatives on reducing the risk now and in the future, and support decision makers in selecting the best alternatives.
Views: 14 Cees Vanwesten
Cost/Benefit Decision Making in Economics - an Introduction
 
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All economics decisions are COST/BENEFIT decisions. This video introduces the fundamental concepts of marginal benefit and marginal costs using a relatable example: just how much time does it make sense to spend gaming on a Sunday afternoon? More resources for economics students and teachers at http://econclassroom.com
Views: 449 Jason Welker
Social cost benefit analysis: meaning and rationale (BSE)
 
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Subject : Business Economics Paper : Project appraisal and impact analysis
Views: 7584 Vidya-mitra
MS Excel: Monte Carlo Analysis - Uncertainty and Sensitivity to Change
 
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In this tutorial we learn how to perform Monte Carlo iteration analysis to account for uncertainty in variables. In this scenario, we examine uncertainty in cost, benefit and growth rate values for a project and how they affect the net present value (NPV). Excel document link: https://drive.google.com/open?id=0B_lD7FHorWGzSGhMWHh5Ukx3Vzg Check out the NEW WEBSITE: https://growyourcareer.com and look under "Downloads" UPDATED BLOG: https://arcologydesigns.blogspot.com Formulas: Cell F2: =RAND()*(D2-C2)+C2 - Generates a random value between the established parameters. Cell I2: =1/1.05^H2 - Discount factor; accounts for our preference to consume now rather than later. Cell J4: =J3*(1+$F$4) - Accounts for the growth rate of benefits at a given percent per year. Cell K2: =I2*J2 - The present value of costs and benefits after discounting. Cell T1: =AVERAGE(R3:R102) - Average NPV. Cell T2: =STDEV(R3:R102) - Standard deviation of NPV. Cell T3: =MIN(R3:R102) - Minimum NPV Cell T4: =MAX(R3:R102) - Maximum NPV Normal Distributions and Bell Curves Tutorial: http://www.youtube.com/watch?v=50kZjl-7ZaQ ________________________________________________________________________ ArcologyDesigns: http://www.arcologydesigns.com BCB Energy, LLC: http://www.bcb-energy.com For free IT sample files, go to: www.bcb-energy.com and click on "IT Training Initiative," and navigate to the Sample Files download page. ________________________________________________________________________ 100% ALL original content - photos, music, lyrics, art and more! BCB Energy, LLC and its subsidiary ArcologyDesigns are the sole creators and owners to all artwork, photographs, illustrations, graphics, logos, lyrics, texts, materials, sound recordings and musical compositions and all features of the content and materials. This includes but is not limited to the design, assortment, arrangement, atmosphere and presentation and any associated copyrights or trademarks of such content and materials.
Views: 36035 Grow Your Career
How to do a Cost Benefit Analysis: A 3-Minute Crash Course
 
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How to Do a Cost Benefit Analysis - Master the Basics in 3 Minutes. Join us at http://www.wilymanager.com/how-to-do-a-cost-benefit-analysis/ to watch the full-length video about How to Do a Cost Benefit Analysis. Get Instant Access to 200+ management Videos and Cheat Sheets... perfect for busy managers like you!
Views: 147302 wilymanager
Cost benefit analysis - Intro to Psychology
 
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This video is part of an online course, Intro to Psychology. Check out the course here: https://www.udacity.com/course/ps001.
Views: 506 Udacity
What is COST-BENEFIT ANALYSIS? What does COST-BENEFIT ANALYSIS mean?
 
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What is COST-BENEFIT ANALYSIS? What does COST-BENEFIT ANALYSIS mean? COST-BENEFIT ANALYSIS meaning - COST-BENEFIT ANALYSIS definition - COST-BENEFIT ANALYSIS explanation. Cost–benefit analysis (CBA), sometimes called benefit–cost analysis (BCA), is a systematic approach to estimating the strengths and weaknesses of alternatives that satisfy transactions, activities or functional requirements for a business. It is a technique that is used to determine options that provide the best approach for the adoption and practice in terms of benefits in labor, time and cost savings etc. The CBA is also defined as a systematic process for calculating and comparing benefits and costs of a project, decision or government policy (hereafter, "project"). Broadly, CBA has two purposes: 1. To determine if it is a sound investment/decision (justification/feasibility), 2. To provide a basis for comparing projects. It involves comparing the total expected cost of each option against the total expected benefits, to see whether the benefits outweigh the costs, and by how much. CBA is related to, but distinct from cost-effectiveness analysis. In CBA, benefits and costs are expressed in monetary terms, and are adjusted for the time value of money, so that all flows of benefits and flows of project costs over time (which tend to occur at different points in time) are expressed on a common basis in terms of their net present value. Closely related, but slightly different, formal techniques include cost-effectiveness analysis, cost–utility analysis, risk–benefit analysis, economic impact analysis, fiscal impact analysis, and social return on investment (SROI) analysis.
Views: 2915 The Audiopedia
Risk-Benefit Analysis of Metformin Treatment of DM II
 
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Presentation made for my Family Medicine Clerkship as an MSIII at University of Utah School of Medicine.
Views: 578 dustybnash
Integrating Social Impact Evaluation with Cost Benefit Analysis
 
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This video investigates the relationship between Social Impact Evaluation (SIE) and Cost Benefit Analysis (CBA). How can Social Impact Evaluation be used to enhance the quality of a Cost Benefit Analysis? How can Social Impact Evaluation and Cost Benefit Analysis be used together to present a more complete picture to decision makers? These questions and more are addressed in this overview of the relationship between Social Impact Evaluation and Cost Benefit Analysis? Social Impact Evaluation has been designed to capture, assess and present the social impacts of options and/or projects to enhance the quality of project evaluation included in business cases of project initiatives. I developed Social Impact Evaluation (SIE) when I worked at Building Queensland between February 2016 and March 2017. Social Impact Evaluation draws on concepts from Social Impact Assessment (SIA), Social Returns on Investment (SROI), and Cost Benefit Analysis (CBA). Social Impact Evaluation is not intended as a standalone evaluation of a project’s social impacts but instead integrates existing evaluation techniques such as Cost Benefit Analysis, financial analysis, benefits management, and sustainability assessment. Social Impact Evaluation is most valuable at the early stages of project development such as during the problem identification phase. A key concept in Social Impact Evaluation is the Social Impact Baseline (SIB). The Social Impact Baseline is the world in the absence of a proposed project option. Identified problems and the extent of identified problems should be outlined, defined and ideally measured as part of the Social Impact Baseline. The Social Impact Baseline should be forward looking and be used to understand the future state of the world as well as future problems. Another critical role of the Social Impact Baseline is to be used a yardstick to be compared against project options. For example, a new treatment for a disease cures 90% of the infected. This information on its own means very little if we do not know what percentage of infected people are cured with the existing treatment. If the existing treatment only cures 10%, the benefit of the new treatment is far greater than if the existing treatment cures 85%. Social Impact Evaluation is used to identify impacts (positive and negative) and determines if these impacts can be monetised for inclusion in a Cost Benefit Analysis or quantified using other non-monetary metrics. Social Impact Evaluation advocates the use of stakeholder engagement as a primary input into determining impacts as well as the perceived extent of these impacts. Impact Risk Assessment is advocated to determine the materiality of identified impacts. Impact Risk Assessments are typically conducted using stakeholder input and as workshops to capture as many perspectives as possible. The result of the Impact Risk Assessment influences the development of options as well as the mitigation strategies required to handle negative impacts and the enhancement strategies required to maximise positive impacts. The results of the Impact Risk Assessment feeds into the financial analysis and risk register. The results of the Social Impact Evaluation and Cost Benefit Analysis can be summarised in an Appraisal Summary Table (AST). The Appraisal Summary Table captures the results from the Impact Risk Assessment, Cost Benefit Analysis, as well as summarises any relevant qualitative discussion around the project options’ impacts. For a more complete picture of Social Impact Evaluation watch the following video introducing the Social Impact Evaluation and the key concepts behind it at the following link: https://www.youtube.com/watch?v=5eu6N1oHXeY The complete guide to Social Impact Evaluation is available at the Building Queensland website at: http://buildingqueensland.qld.gov.au/wp-content/uploads/2016/12/Social-Impact-Evaluation-v2.1.pdf For more insight into cost benefit analysis I have a number of other videos available on the following playlist: https://www.youtube.com/watch?v=aOYAPxAtZeg&list=PL_-TsqunhENi8R_HKMO5P5SBX7KYtHWoh My cost benefit video can be found at: https://www.youtube.com/watch?v=aOYAPxAtZeg&t=25s The official Spectrum Economics website can be accessed at: https://www.spectrumecons.com For more exciting videos go to my YouTube channel at https://www.youtube.com/channel/UCILwyLtjl7ZTlYOqFkAwLzw You can find me on LinkedIn at: https://www.linkedin.com/in/waynedavies-spectrumecons/ You can find me on Steemit at: https://steemit.com/@spectrumecons You can also find me on Facebook at: https://www.facebook.com/SpectrumEconomics
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Decision Tree Tutorial in 7 minutes with Decision Tree Analysis & Decision Tree Example (Basic)
 
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