Knowledge, innovation, entrepreneurship: the ingredients of economic development.

Our contribution: careful analysis, global perspective, feasible projects


Workshop on exploring the application of Cost-Benefit analysis to Research Infrastructures and major RDI projects

November 2015, 


The Department of Economics, Management and Quantitative Methods (DEMM) and the Department of Physics, University of Milan and CSIL Centre for Industrial Studies have developed a three-year research project to build on the current international practice and produce a cost-benefit analysis (CBA) model for decision making in the field of RDI. The model is expected to assess the potential future net social benefits generated by a RDI infrastructure and the uncertainty and risks associated to them. The team has developed the conceptual framework of the model and applied it to two selected cases (i.e. the Large Hadron Collider (LHC) at CERN and the National Centre for Oncological Treatment (CNAO) in Pavia (IT)) exploring methodological challenges and the potential further applications. As part of the research project the team has prepared a Discussion Paper describing the CBA model and lessons learned from the case studies.

Objective of the workshop:

The objective of the workshop was to present and discuss with experts the methodology developed in the framework of this research project and to collect suggestions and comments for adjustments and fine tuning.


The workshop was kindly hosted by DG RESEARCH and took place on November, 13th 2015 at their premises, CDMA Building, Room number SDR2 (floor -1), Address: Rue du Champ de Mars 21, 1050 – Bruxelles.

To download the agenda click here.

More information on the project are available at