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<br />0358 <br /> <br />Figure II <br /> <br />SOCIAL ASSESSMENT DECISION LOGIC <br /> <br />PROJECT VS. NO PROJECT <br /> <br />.. <br /> <br />~ <br /> <br /> <br />\ Project social benefits <br />are greater and costs <br />lower, than with no <br />project <br /> <br />CONDITION <br /> <br />. <br /> <br />Project social benefits <br />are lower, and cost higher, <br />than with no project <br /> <br />Project benefits are <br />higher, but project costs <br />are also higher, than with <br />no Project <br /> <br />DECISION <br />A project should be built <br /> <br />Reject Project <br /> <br />Trade-offs require a decision <br />based on whether higher costs <br />are offset by higher benefits <br />or vice vesa. Decision could <br />go either way. <br /> <br />-- <br /> <br />PROJECT A VS. PROJECT B <br /> <br />CONDITION <br /> <br />Project A has higher social <br />benefits and lower social <br />costs than B <br /> <br />Converse of Above <br /> <br />Project A has higher social <br />benefits but also higher <br />social costs than Project B <br /> <br />oK <br /> <br />?roject A has social benefits <br />and costs which are neither <br />higher or lower in the same <br />ways than B's. That is, <br />they both have social benefits <br />and both have social costs. <br />but they are not comparable <br /> <br />" <br /> <br />DECISION <br /> <br />Build A <br /> <br />Build B <br /> <br />Build A or B, depending upon <br />which, in the final analysis <br />is most acceptable -- losing <br />the benefits sought. or ac- <br />cepting the costs <br /> <br />Build A or B, depending on <br />which benefits are most de- <br />sirable and/or which costs <br />are most tolerable (or <br />intolerable) <br /> <br />47 <br />