GLOSSARY

A C D E F G H I M N R S T V W

CBA

Cost-benefit analysis

Cost-benefit analysis (CBA) 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 labour, time and cost savings etc. (David, Ngulube and Dube, 2013). 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:

  • To determine if it is a sound investment/decision (justification/feasibility),
  • 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."



Read more about our "CBA" references
CargoMap

The Air Cargo technology Roadmap (CargoMap) project focused on the future role of air freight and the definition of a technology roadmap for future cargo aircraft responding to end user requirements and environmental needs. The project investigated what new challenges and opportunities exist for new... Read more...

CDM Business case

Slot Consulting participated at the CDM Business Case project. The project clearly demonstrated the advantages of Airport Collaborative Decision making through a generic cost - benefit analysis. The generic analysis was prepared on the basis of analysing four European CDM airports: Barcelona, Brusse... Read more...

GABRIEL

The GABRIEL is a European Commission funded "Out-of-the-Box" project. The "Integrated Ground and on-Board system for Support of the Aircraft Safe Take-off and Landing" (GABRIEL) proposal was based on a system using magnetic levitation technology to enable aircraft... Read more...

OPTAG

This project harness emerging passenger tracking and identification technologies with the objectives of increasing the safety of air travel whilst maximising the utilisation of existing facilities.... Read more...