“…It is distinct from cost-benefit which assigns a monetary value to the measure of effect (Ceri, 2010) and is often used in the fields where it may be inappropriate to monetize the effect. Furthermore, it was ever used to evaluate the environmental performance of technology application (Tokos and Pintaric, 2009;Seppanen and Fisk, 2004;Chertow and Lombardi, 2005), compare the effects of different wastewater treatment technologies (Jardin et al, 2008;Telukdarie et al, 2006), assess environmental benefits of investment decision-making (Qi et al, 2006;Goulder et al, 1999), and examine the performance of environmental policy enforcement (Schoua et al, 2000).…”