Abstract:

The aim of this paper highlights the model for determining the cost and benefits of a green fertilizer technology development research program in Malaysia. A five stages process model for Cost- Benefit Analysis (CBA) is developed to focus the value of several projects undertaken within the research program. The five stages of the CBA model are: (i) Identify the deliverable of each project; (ii) Identify advantages & disadvantages (if any) of each deliverables; (iii) Qualify the advantages; (iv) Quantify the advantages; (v) Monetize the advantages. The above mentioned five stages CBA model has helped researchers to monetize the direct and indirect benefits delivered by the green fertilizer development research program against the research grant provided by the Ministry of Higher Education (MOHE) in Malaysia.