Yala River Restoration
What is the ultimate benefit-cost ratio for your Yala River Restoration project? What are some data sources that would have been helpful but did not exist for your project? `
The ultimate benefit-cost ratio of Yala River Restoration project is 40,000:2000. This translates to 20:1 (Campbell, 200). This is reflection of the minimal essence of pumping cost in relation to the restoration of the river. From this perspective, the farmers will not require pumps to facilitate their farming activities because of the effective and efficient source of water from the river following the restoration process and minimal cost. The benefit of the project also results form the effective allocation of land. The restoration of the river will contribute towards the effective distribution of the unused land for farming purposes thus maximum contribution to the individuals living around the region. The farm products will also be vital; in enhancing the living conditions within the region through the essence of trade and food security. The benefit also results from ochre and nutrients.
This is through reduction of the nutrient emission and ochre level thus increasing the productivity of the land within the region to enhance food productive and security. The project also has the ability to increase the water levels thus crucial impact on the emission of green house gases. This is essential in the achievement of environmental benefit thus reduction of the carbon dioxide and nitrate levels within the atmosphere (Puttaswamaiah, 2000). The project also has the opportunity to create recreational options for individuals. This relates to the essence of outdoor recreational activities with the opportunity to enhance social life and economic aspects of the region. Restoration of the river is also essential in the minimization of the flood risks thus the opportunity to reduce the essence of deaths resulting from the adverse weather conditions. This is an indication that about 30 homes will enjoy minimization of the flood risks thus quality living within the region.
One of the crucial information in relation to the restoration of the river relates to the options available (Bellas, 2006). The options are crucial in the decision making in order to determine the level of benefits and effectiveness of the project in relation to other viable alternatives. This is essential in the process of decision making thus the ability to make rational decision based on extensive benefit cost analysis of the project. The options are application in the determination of profitability levels of the project hence the opportunity to consider its continuation or termination with the aim of minimizing aspect of losses within the society.
Another source of information in the evaluation of the profitability level of the river restoration project is the essence of uncertainties (Miller, 2005). Uncertainty has a crucial role to play in the decision making in that the project manager must determine assumption or carter for unexpected developments during the implementation process. This is vital in relation to the achievement of effective benefit and cost analysis in the context of the project aiming to restore the river. This indicates that the management of the project must set aside some financial resources to curb these uncertainties as they develop during the implementation process. Effective management of the uncertainties will result into the achievement of profitable project thus positive ultimate benefit cost analysis.
References
Campbell, H. F., & Brown, R. P. C. (2003). Benefit-cost analysis: Financial and economic appraisal using spreadsheets. Cambridge [u.a.: Cambridge Univ. Press.
Zerbe(Jr.), R. O., & Bellas, A. S. (2006). A primer for benefit-cost analysis. Cheltenham: Elgar.
Miller, D., & Patassini, D. (2005). Beyond benefit cost analysis: Accounting for non-market values in planning evaluation. Adlershot [u.a.: Ashgate.
Puttaswamaiah, K. (2000). Cost-benefit analysis: Environmental and ecological perspectives. New Brunswick [u.a.: Transaction Publ.
