The Evolution of Cost-Benefit Analysis: A Historical Development Perspective
Introduction In today’s fast-paced business environment, organizations are constantly faced with complex decisions that require careful evaluation of various options. One of the most widely used tools for making informed decisions is Cost-Benefit Analysis (CBA). CBA is a systematic approach that compares the costs and benefits of different alternatives to determine the most optimal choice. In this blog post, we will delve into the development history of CBA, exploring its evolution over time and highlighting key milestones that have shaped its current state. ...