The Application of Cost/Benefit Analysis in the Development of Voluntary Standards
NAVAL POSTGRADUATE SCHOOL MONTEREY CA
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The purpose of this thesis is to investigate the role and significance of standards to industry and society from an economic perspective. The decisionmaking processes of voluntary standards organizations, such as the American National Standards Institute are examined within a framework of applied economic costbenefit analysis. The findings of the study emphasize the need for non-engineering evaluation of standards and standardizing activities within single firms, industrywide organizations, or government. Keywords Specifications Standardization.
- Economics and Cost Analysis