2021
DOI: 10.3390/jrfm14100466
|View full text |Cite
|
Sign up to set email alerts
|

Cost–Benefit Analysis in the Evaluation of Cultural Heritage Project Funding

Abstract: Cultural heritage has, for a long time, been considered a source of wealth and well-being for economies. Currently, considerable investments have been allocated for its renewal and maintenance that often surpass the budgets of owners, local communities, and other interested users. Cultural heritage valorisation is expensive and is a great economic challenge. Infrastructural investment, i.e., conservation and restoration, are just one part of the total costs of cultural heritage preservation, while other invest… Show more

Help me understand this report

Search citation statements

Order By: Relevance

Paper Sections

Select...
1
1
1
1

Citation Types

0
5
0

Year Published

2021
2021
2024
2024

Publication Types

Select...
6
1

Relationship

1
6

Authors

Journals

citations
Cited by 7 publications
(5 citation statements)
references
References 19 publications
0
5
0
Order By: Relevance
“…The investment includes purchasing high-quality 3D scanning equipment and digital presenting equipment (such as VR and AR) [61]. Tisma et al [62] suggest that the infrastructural investment of heritage protection is significant and poses a challenge to secure adequate funding. Researchers have begun to develop low-cost digital technologies to reduce the cost and time to create the 3D model [46].…”
Section: Challenges Of Preserving Artwork Through Digitisationmentioning
confidence: 99%
“…The investment includes purchasing high-quality 3D scanning equipment and digital presenting equipment (such as VR and AR) [61]. Tisma et al [62] suggest that the infrastructural investment of heritage protection is significant and poses a challenge to secure adequate funding. Researchers have begun to develop low-cost digital technologies to reduce the cost and time to create the 3D model [46].…”
Section: Challenges Of Preserving Artwork Through Digitisationmentioning
confidence: 99%
“…There are currently several approaches to assessing similar situations. Among those, both cost-benefit analysis (CBA) and cost-effectiveness analysis (CEA) are increasingly applied to archaeological sites, monuments and other heritage places [70,71], while Contingent Valuation (CV) may help in estimating the expected benefits from the qanat for the local residents [72].…”
Section: Group Of Activitiesmentioning
confidence: 99%
“…Cost-Benefit Analysis (CBA) is commonly used to evaluate an investment's economic and financial sustainability based on a Discount Cash Flow Analysis (DCFA). Furthermore, the European Union requires it as a quantitative method to evaluate the feasibility of a project to apply to EU funds [30].…”
Section: Cultural Heritage and Financial Sustainability: Open Issuesmentioning
confidence: 99%