Societal impact as Cost-Benefit Analysis: Comparative analysis of two research infrastructures

Anastasiya Magazinik; Joel Sauza Bedolla; Nuria Catalan Lasheras; Saku Mäkinen

doi:10.1109/ICE.2019.8792600

Societal impact as Cost-Benefit Analysis: Comparative analysis of two research infrastructures

Anastasiya Magazinik, Joel Sauza Bedolla, Nuria Catalan Lasheras, Saku Mäkinen

Industrial Engineering and Management

Research output: Chapter in Book/Report/Conference proceeding › Conference contribution › Scientific › peer-review

4 Citations (Scopus)

Abstract

The impact of basic science projects is more difficult to assess than that of science projects, which lead to direct applications. Especially, the benefits of fundamental science projects are less obvious and indirect than applied science (e.g. pharmaceutical or IT). Pure scientific quality does not tell anything about the societal and economical value of the project. Public resources used for funding the growing scientific research face scarcity, and choosing where to distribute the limited resources is difficult without tools to assess the impacts. Politicians and other decision makers are struggling to evaluate the benefits of supporting science projects. Therefore, it is essential to find methods to fairly measure the impacts of science projects into the surrounding society. One way of assessing societal impact is Cost-Benefit Analysis (CBA). This contribution explores CBA as a tool for societal impact assessment by reviewing and comparing two research infrastructures' assessments.

Original language	English
Title of host publication	2019 IEEE International Conference on Engineering, Technology and Innovation, ICE/ITMC 2019
Publisher	IEEE
ISBN (Electronic)	9781728134017
DOIs	https://doi.org/10.1109/ICE.2019.8792600
Publication status	Published - 1 Jun 2019
Publication type	A4 Article in conference proceedings
Event	IEEE International Conference on Engineering, Technology and Innovation - Valbonne Sophia-Antipolis, France Duration: 17 Jun 2019 → 19 Jun 2019

Conference

Conference	IEEE International Conference on Engineering, Technology and Innovation
Country/Territory	France
City	Valbonne Sophia-Antipolis
Period	17/06/19 → 19/06/19

Keywords

Big Science Centre
research organisation
social impact assessment
societal impact assessment

Publication forum classification

Publication forum level 1

ASJC Scopus subject areas

Industrial and Manufacturing Engineering
Management of Technology and Innovation
Strategy and Management
Civil and Structural Engineering
Health Informatics
Health(social science)
Computer Networks and Communications
Information Systems and Management

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

Access to Document

10.1109/ICE.2019.8792600

Cite this

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title = "Societal impact as Cost-Benefit Analysis: Comparative analysis of two research infrastructures",

abstract = "The impact of basic science projects is more difficult to assess than that of science projects, which lead to direct applications. Especially, the benefits of fundamental science projects are less obvious and indirect than applied science (e.g. pharmaceutical or IT). Pure scientific quality does not tell anything about the societal and economical value of the project. Public resources used for funding the growing scientific research face scarcity, and choosing where to distribute the limited resources is difficult without tools to assess the impacts. Politicians and other decision makers are struggling to evaluate the benefits of supporting science projects. Therefore, it is essential to find methods to fairly measure the impacts of science projects into the surrounding society. One way of assessing societal impact is Cost-Benefit Analysis (CBA). This contribution explores CBA as a tool for societal impact assessment by reviewing and comparing two research infrastructures' assessments.",

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author = "Anastasiya Magazinik and Bedolla, {Joel Sauza} and Lasheras, {Nuria Catalan} and Saku M{\"a}kinen",

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language = "English",

booktitle = "2019 IEEE International Conference on Engineering, Technology and Innovation, ICE/ITMC 2019",

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Magazinik, A, Bedolla, JS, Lasheras, NC & Mäkinen, S 2019, Societal impact as Cost-Benefit Analysis: Comparative analysis of two research infrastructures. in 2019 IEEE International Conference on Engineering, Technology and Innovation, ICE/ITMC 2019. IEEE, IEEE International Conference on Engineering, Technology and Innovation, Valbonne Sophia-Antipolis, France, 17/06/19. https://doi.org/10.1109/ICE.2019.8792600

Societal impact as Cost-Benefit Analysis: Comparative analysis of two research infrastructures. / Magazinik, Anastasiya; Bedolla, Joel Sauza; Lasheras, Nuria Catalan et al.
2019 IEEE International Conference on Engineering, Technology and Innovation, ICE/ITMC 2019. IEEE, 2019.

Research output: Chapter in Book/Report/Conference proceeding › Conference contribution › Scientific › peer-review

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T1 - Societal impact as Cost-Benefit Analysis

T2 - IEEE International Conference on Engineering, Technology and Innovation

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AU - Lasheras, Nuria Catalan

AU - Mäkinen, Saku

PY - 2019/6/1

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N2 - The impact of basic science projects is more difficult to assess than that of science projects, which lead to direct applications. Especially, the benefits of fundamental science projects are less obvious and indirect than applied science (e.g. pharmaceutical or IT). Pure scientific quality does not tell anything about the societal and economical value of the project. Public resources used for funding the growing scientific research face scarcity, and choosing where to distribute the limited resources is difficult without tools to assess the impacts. Politicians and other decision makers are struggling to evaluate the benefits of supporting science projects. Therefore, it is essential to find methods to fairly measure the impacts of science projects into the surrounding society. One way of assessing societal impact is Cost-Benefit Analysis (CBA). This contribution explores CBA as a tool for societal impact assessment by reviewing and comparing two research infrastructures' assessments.

AB - The impact of basic science projects is more difficult to assess than that of science projects, which lead to direct applications. Especially, the benefits of fundamental science projects are less obvious and indirect than applied science (e.g. pharmaceutical or IT). Pure scientific quality does not tell anything about the societal and economical value of the project. Public resources used for funding the growing scientific research face scarcity, and choosing where to distribute the limited resources is difficult without tools to assess the impacts. Politicians and other decision makers are struggling to evaluate the benefits of supporting science projects. Therefore, it is essential to find methods to fairly measure the impacts of science projects into the surrounding society. One way of assessing societal impact is Cost-Benefit Analysis (CBA). This contribution explores CBA as a tool for societal impact assessment by reviewing and comparing two research infrastructures' assessments.

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KW - research organisation

KW - social impact assessment

KW - societal impact assessment

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M3 - Conference contribution

BT - 2019 IEEE International Conference on Engineering, Technology and Innovation, ICE/ITMC 2019

PB - IEEE

Y2 - 17 June 2019 through 19 June 2019

ER -

Societal impact as Cost-Benefit Analysis: Comparative analysis of two research infrastructures

Abstract

Conference

Keywords

Publication forum classification

ASJC Scopus subject areas

UN SDGs

Access to Document

Fingerprint

Cite this