The government is considering whether to invest in the construction of a new onshore wind farm. Cost-benefit analysis is a policy evaluation tool that assesses the costs and benefits of a project to determine its overall value. While cost-benefit analysis is a useful tool for this context, it may not be the most appropriate. Alternatives to cost-benefit analysis include stakeholder analysis, which looks at the interests of all stakeholders in the project, and multi-criteria analysis, which evaluates a project based on multiple criteria.
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