Abstract
AbstractThe purpose of this article is to present a framework for evaluating the cost‐effectiveness of innovative technologies for environmental characterization, remediation, monitoring, and waste management. The authors describe the steps involved in actually using the methodology to perform a cost‐effectiveness analysis. They provide basic techniques for designing a fair comparison, developing scenarios, choosing a baseline technology, assessing relative performance, evaluating life‐cycle costs, and calculating cost savings. Examples are used to illustrate these concepts and a case study is presented involving a new remediation technology called in‐situ air stripping.
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