Title

A Framework of Cost-Effectiveness for Sustainability Strategies

Abstract

Strategies for implementing alternative energy sources are drawing growing attention as global environmental challenges have raised concerns over energy consumption. Cost-effectiveness is an important criterion for assessing the applicability of a strategy. However, few relevant studies have been performed on alternative energy in a systematic approach. This paper establishes a framework of cost-effectiveness analysis to assess sustainability strategies. The framework summarizes various effects and associated costs of using representative alternative energy sources. On the basis of the framework, this paper specifies guidelines for systematically performing a cost-effectiveness analysis for sustainability strategy research and practice. A case study developed as part of this research project is included in this paper to demonstrate the functionality of the framework.

Meeting Name

31st Annual National Conference of the American Society for Engineering Management (2010: Oct. 13-16, Fayetteville, AR)

Department(s)

Engineering Management and Systems Engineering

Keywords and Phrases

Cost-Effectiveness Analysis; Economic Assessment; Sustainability Strategy; Alternative Energy Source; Associated Costs; Environmental Challenges; Energy Utilization; Research; Sustainable Development; Cost Benefit Analysis

International Standard Book Number (ISBN)

9781617824449

Document Type

Article - Conference proceedings

Document Version

Citation

File Type

text

Language(s)

English

Rights

© 2010 American Society for Engineering Management (ASEM), All rights reserved.

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