Funded by the European Investment Bank - University Research Sponsorship Programme (EIBURS)

The research project “Cost/Benefit Analysis in the Research, Development and Innovation Sector” aims at developing and testing a model for evaluating Big Science. The developed model will enable funding agencies to assess the potential future net social benefits generated by a research infrastructure and the uncertainty and risks associated to it. See the video and the power point presentation to further info on the purposes of the project.

The project team is composed by the Departments of Economics, Management and Quantitative Methods (DEMM) and Physics of the University of Milan and the independent research centre CSIL. See team for more information.

The project is financed by the European Investment Bank Institute (EIB Institute) in the frame of its EIB University Research Sponsorship Programme (EIBURS), which provides grants to EU University Research Centres working on research topics and themes of major interest to the Bank. The call for proposals launched by the EIB Institute is available here.

News

2016 February 18
The paper “Exploring Cost-Benefit Analysis of Research, Development and Innovation Infrastructures: An Evaluation Framework” by Florio, Forte, Pancotti, Sirtori and Vignetti which presents the results and the lessons learned during the 3-year research project supported by a EIBURS grant is now available. Read paper
2015 November 25
Massimo Florio presents “Cost-Benefit Analysis of the LHC” at the ESA Socio-Economic Studies Steering Group Meeting in Paris.
2015 November 03
Massimo Florio presents the CBA model for RDI infrastructures at the Workshop on Methodologies and Tools for Assessing Socio-Economic Impact of Research Infrastructures organised by the OECD Global Science Forum in Paris.
2015 July 22
The paper “Cost-Benefit Analysis of the Large Hadron Collider to 2025 and beyond” by Florio, Forte and Sirtori is now available in arXiv. Read paper
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2015 July 2
Launch event of the updated Cost-Benefit Analysis (CBA) Guide. Among the speakers: Massimo Florio and Davide Sartori. See the video
2015 June 11
Massimo Florio presents “Cost-Benefit Analysis of the LHC to 2025 and beyond: Was it Worth it?” at CERN Colloquium. See more
2015 June
The case study on CNAO have been released in the form of electronic working papers in the Department of Economics, Management and Quantitative Methods series. See working paper
2015 March 19-20
Massimo Florio presented the “The Evaluation of Research Infrastructures: a Cost-Benefit Analysis Framework” at the 2015 Annual Conference and Meeting of the Society for Benefit-Cost Analysis. See website
2015 January 22
Massimo Florio has visited EC Research & Innovation and discussed the concept of CBA in the RDI Sector with staff members of the Evaluation Unit who have expressed their interest in future opportunities of contact and exchange of views.
2014 December 19
The European Commission, DG Regio, has released the new edition of the Guide to Cost-Benefit Analysis of Investment Projects for Cohesion Policy 2014-2020. See INFOREGIO website
2014 December 15
The two papers presenting the case studies testing the conceptual model developed for evaluating RDI infrastructure together with two working notes have been submitted in a preliminary version to the EIBI See abstracts
2014 December 10
“The Evaluation of Research Infrastructures: a Cost-Benefit Analysis Framework” will be presented at the 2015 Annual Conference and Meeting of the Society for Benefit-Cost Analysis. See forthcoming events
2014 December 09
The first four research papers have been released in the form of electronic working papers in the Department of Economics, Management and Quantitative Methods series. See working papers
2014 June 12-13
XIII Milan European Economy Workshop "The Cost-Benefit Analysis of Research Infrastructures" See events
2014 March 10-13
Visit to CERN for carrying out a second round of interviews with selected stakeholders related to the Large Hydron Collider. Meetings were organized with different departments of CERN, including resources planning, human resources, finance, procurement and knowledge transfer departments as well as with CMS Secretariat. See gallery
2014 January 09
Interview to Massimo Florio "The benefits of the Boson" (only in italian)
2013 October 10
Visit to CNAO See gallery
2013 September 23 and 24
Visit to CERN of the Steering Committee See gallery
2013 July 23
Internal brainstorming on the draft paper: “CBA of research infrastructures: a conceptual framework and main issues at stake"
2013 July 10
Meeting with the director and the general secretary of CNAO
2013 Mar 14
New results indicate that particle discovered at CERN is a Higgs boson See more
2013 Feb 14
First three-year LHC running period reaches a conclusion See more

Press release

CERN
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CNAO
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Contacts

Mail: pancotti@csilmilano.com
Phone: +39 02 796630 (47)
Fax: +39 02 780703