How would you use the cost-benefit analysis model to justify

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Case Study: A cost-benefit analysis is a systematic process that businesses use to analyze which decisions to make and which to forgo. The cost benefit analyst sums the potential rewards expected from a situation or action and then subtracts the total costs associated with taking that action. Some consultants or analysts also build models to assign a dollar value on intangible items, such as the benefits and costs associated with living in a certain town.

Question: You are the Fire Chief, How would you use the cost-benefit analysis model to justify a 15% increase in your budget that is not related to personnel costs?

 

Reference no: EM133602466

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