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Developing flood and coastal erosion risk management appraisal (Testing the Sugden Approach) - FD2018

Description
PROJECT CLOSING STATEMENT
The project has produced an appropriate table of monetised costs and benefits and a consistent Appraisal Summary Table that would bring together the material for a final multi-criteria analysis. A number of templates have been developed and tested for use in appraisal, and suggestions made for improvements to appraisal methods.

SUMMARY OBJECTIVE
The aim of the project is to develop an appraisal framework for flood and coastal erosion risk management t that provides greater transparency in establishing the costs and benefits of investment options. The project will explore the merits and drawbacks of moving from a methodology of Social Cost Benefit (SCB) to that of Willingness to Pay (WTP). The WTP approach differs from SCB in that it measures the net welfare change brought about by the project under consideration for each individual interest group, and it leads naturally to a presentation of results which makes clear how a project

KEY CUSTOMER PURPOSE
The project will explore the merits and drawbacks of moving from a methodology of Social Cost Benefit (SCB) to that of Willingness to Pay (WTP). Specific work areas include assessing the implications of the WTP approach on status quo arrangements, development of methodologies and testing these through case studies, gap analysis to aid a wider review of the implications for Defra policy and resources, and final reporting.
Project Documents
• Final Report : The 'Sugden' Approach - Testing a Disaggregated Approach to Appraisal - SID5   (169k)
• Project Record : Developing the Cost-Benefit Framework for the Appraisal of Flood and Coastal Erosion Risk Management Projects   (908k)
• Project Record : Integrating Cost-Benefit Analysis and Multi-Criteria Analysis of Flood and Coastal Erosion Risk management Projects   (741k)
• Project Record : The 'Sugden' Approach - Appraisal Summary Table (Excel spreadsheet)   (26k)
• Project Record : The 'Sugden' Approach - Workbook Guide (Excel spreadsheet)   (652k)
• Technical Report : The 'Sugden' Approach - Testing a Disaggregated Approach to Appraisal: TR2 Review of Recommendations   (989k)
• Technical Report : The 'Sugden' Approach - Testing a Disaggregated Approach to Appraisal   (1591k)
• Technical Summary : The 'Sugden' Approach - Testing a Disaggregated Approach to Appraisal   (158k)
Time-Scale and Cost
From: 2005

To: 2006

Cost: £84,673
Contractor / Funded Organisations
Risk Solutions
Keywords
Environmental Protection              
Flood and Coastal Defence              
Flood Defence              
Land              
Policy Development              
Fields of Study
Flood and Coastal Erosion Risk Management