#costbenefit

WIST Quotationswist@my-place.social
2025-03-20

A quotation from Ellis Peters

You do what you must do, and pay for it. So in the end all things are simple.

Ellis Peters (1913-1995) English writer, translator [pseud. of Edith Mary Pargeter, who also wrote under the names John Redfern, Jolyon Carr, Peter Benedict]
Brother Cadfael’s Penance, ch. 16 (1994)

Sourcing, notes: wist.info/peters-ellis/75756/

#quote #quotes #quotation #consequences #costbenefit #decisionmaking #must #necessity #riskanalysis #simplicity #cost #decision

2025-02-22

Where can I find a good cost benefit analysis of TiO2 solar cell versus Si solar cell? #solar #silicon #TiO2 #costbenefit

David WakehamwakehamAMR
2025-02-22

I mean seriously?!

Could you imagine if used VSL value-of-statistical-life (currently valued at $5.3 million per normal person) based approach in policy areas as they do in infrastructure?

Sensible move really when you consider the die at almost twice the rate as those who are housed.

Apparently isn’t considered ethical.

Here is a quick little hypothetical mock-up I made - and as you can see - I kept receipts...

I created a quick table and analysis to compare a hypothetical policy change in Australia if the government adopted a Value of a Statistical Life (VSL) approach when assessing the return on investment (ROI) and cost-effectiveness of preventing homelessness.


A table with four columns: 'Policy Area', 'Current Approach', 'VSL-Based Approach', and 'Implications'. The table compares funding for social housing, homelessness services, and rental assistance.


For social housing, the current approach is a $10 billion Housing Australia Future Fund aiming for 40,000 homes by 2029. The VSL-based approach requires $21.2 billion to save 4,000 lives, using a 2024 VSL of $5.7 million. The implication is that current funding covers less than 50% of the VSL-justified need.


For homelessness services, the current approach sees over 50,000 people turned away annually due to capacity limits. The VSL-based approach to prevent 1,000 deaths (suicide/overdose) would require $5.7 billion. The implication is that existing programs are 10 times under-resourced by VSL standards.


For rental assistance, the current approach involves a 15-25% Commonwealth Rent Assistance (CRA) boost to reduce poverty but does not address mortality. The VSL-based approach to raise CRA by 60% to prevent 383 deaths per year would need $2.2 billion per year. The implication is that current increases of $500 million per year fail VSL cost-benefit thresholds.
WIST Quotationswist@my-place.social
2025-02-17

A quotation from Nicholas Taleb

It does not matter how frequently something succeeds if failure is too costly to bear.

Nassim Nicholas Taleb (b. 1960) Lebanese-American essayist, statistician, risk analyst, aphorist.
Fooled by Randomness, Prologue (2001)

Sourcing, notes: wist.info/taleb-nassim-nichola…

#quote #quotes #quotation #costbenefit #failure #impact #success #risk #riskanalysis

Félicien Breton 🍉 🔻 🌱breton@climatejustice.social
2024-11-21

In December a new European Commission will take office. Under the slogan of #competitiveness, they see it as their priority to hack away at public interest rules – from social rights to the environmental protections – that corporations and lobbies consider too ‘inhibiting’.

Here are 16 different initiatives the @eu deregulation campaign will unfold: corporateeurope.org/en/2024/11

#costBenefit #SingleMarket #EU #EuropeanCommission #Commission #Europe #UrsulaVonDerLeyen #VonDerLeyen #UvDL #lobbies #CorporateEurope #industry #economy #transition #socialRights #environment #business

2024-07-15

Tradeoffs between rewards & costs involve the #dopaminergic system. @GJocham &co show that #dopamine & #acetylcholine have opposing effects on the modulation of specific components of #CostBenefit #DecisionMaking in humans #PLOSBiology plos.io/463uIik

💧🌏 Greg CocksGregCocks@techhub.social
2024-03-22

USGS and Australia To Continue Partnership in Landsat Next Satellite Mission
--
usgs.gov/news/featured-story/u <-- shared press release
--
linkedin.com/posts/gregcocks_g <-- link to post with resources about Landsat Next
--
#GIS #spatial #mapping #remotesensing #earthobservation #monitoring #satellite #Landsat #LandsatNext #planning #global #imagery #visualisation #spectral #usecase #appliedscience #economicimpact #economicvalue #value #costbenefit #multispectral #synoptic #natural #humanimpact #australia #cooperation #agreement
U.S. Geological Survey (USGS) | NASA - National Aeronautics and Space Administration | NASA Goddard Space Flight Center | Geoscience Australia

graphic / chart - economic benefits of landsatlogo / graphic - Landsat Nextphoto - USGS Director David Applegate and Minister for Resources and Northern Australia Madeleine King sign joint statement as Australia announces plans to join Landsat Next satellite mission.aerial images - landsat quality differences over time
WIST Quotations has moved!WISTquote@zirk.us
2024-03-20

A quotation from Johnson, Samuel:

«
Marriage has many pains, but celibacy has no pleasures.
»

Full quote, sourcing, notes:
wist.info/johnson-samuel/20624

#quote #quotes #quotation #celibacy #costbenefit #marriage

💧🌏 Greg CocksGregCocks@techhub.social
2024-03-18

Landsat Next – Satellites Offers Improved Data To Earth
--
doi.org/10.3133/fs20243005 <-- link to USGS fact sheet 2024-3005
--
landsat.gsfc.nasa.gov/satellit <-- NASA page
--
usgs.gov/landsat-missions/land <-- USGS page
--
youtu.be/339KeL29tig?si=kr9asL <-- NASA Goddard overview video
--
“With a trio of smaller satellites that can each detect 26 wavelengths of light, the Landsat Next mission is expected to look very different from its predecessors that have been observing Earth for 50 years. This new plan for Landsat Next, a joint mission of NASA and the U.S. Geological Survey, is designed to provide more frequent, and finer resolution, data of the changing surface of Earth…”
#GIS #spatial #mapping #remotesensing #earthobservation #monitoring #satellite #Landsat #LandsatNext #planning #global #imagery #visualisation #spectral #usecase #appliedscience #economicimpact #economicvalue #value #costbenefit #multispectral #synoptic #natural #humanimpact
@USGS @nasa @NASAGoddard @USGSEROS

graph - economic benefits of landsatgraphic / logo - Landsat Nextgraphic - spectral comparison - Landsat 8 & 9 with Landsat Nextsatellite imagery examples - various iterations of Landsat data
Whiskers 🇦🇺ecoscore@aus.social
2024-02-08

@kevinrns Very welcome. A question: has anyone done analysis of the #costbenefit to society?

Estelle Platiniestelle@techhub.social
2024-02-03

The "Costs of War" project, based at Brown University in Providence, Rhode Island, estimates that the total death toll in post-9/11 wars – including Afghanistan, Pakistan, Iraq, Syria and Yemen – could be at least 4.5-4.7 million:
Stephanie Savell (2023) watson.brown.edu/costsofwar/pa

Blair is one of the Western leaders who shares complicity for this appalling death toll: mondediplo.com/2003/07/01ramon

State lying has been thrown down the memory hole by media outlets who welcome him with open arms.

(to be continued)

#Post911Wars #WarOnTerror #unjustWars #warCriminals #Blair #Bush #Sarkozy #entitlement #presumption #fragility #insecurity #stats #mortality #wars #diseases #starvation #costing #internationalLaw #costBenefit #IHL #casualties #collateralDamage #warCrimes #terrorism #counterTerrorism #war #warfare #civilians #ethics #grievability #StateViolence #violence #anthropology #epidemics #pollution #statistics #mortality #demography #diseases #injuries #conflicts #USWars #deaths #politics

Sarkozy and Blair in suits shake hands and smile
WIST Quotations has moved!WISTquote@zirk.us
2023-12-12

A quotation from Austen, Jane:

«
Importance may be sometimes purchased too dearly.
»

Full quote, sourcing, notes:
wist.info/austen-jane/65405/

#quote #quotes #quotation #cost #costbenefit #importance #prestige #status

WIST Quotations has moved!WISTquote@zirk.us
2023-12-11

A quotation from Kaunda, Kenneth:

«
When you go in search of honey you must expect to be stung by bees.
»

Full quote, sourcing, notes:
wist.info/kaunda-kenneth/20675

#quote #quotes #quotation #bee #benefit #cost #costbenefit #honey #risk

2023-11-13

This Sadler's Lectures podcast episode finishes the set of five on Robert Audi's article "The Ethical Significance of Cost Benefit Analysis". After this, it's on to episodes about Rosemarie Tong's examination of ethics of care

soundcloud.com/gregorybsadler/
#Podcast #Philosophy #Ethics #CostBenefit #Audi #Pluralism #PrimaFacieDuties

Justin Buzzardjdbuzzard
2023-11-12

It is important to Analyze what you are going to spend money on, especially big purchases. Cost Benefit.

2023-11-08

I edited a set of Sadler's Lecture podcast episodes on Robert Audi's article on Cost-Benefit Analysis and Ethics, and early released them to my Patreon supporters. Here's the first one looking at Utilitarianism

soundcloud.com/gregorybsadler/
#Podcast #Philosophy #Ethics #Utilitarianism #CostBenefit

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