[R]

racial discrimination law 94-6

rationale for intervention 4, 11-12, 26, 51-6

real option theory, definition 104

real price, definition 104

real terms, definition 104

recreational values 66

redundancy payments 21, 21n

regeneration projects 24, 54-6

regional perspectives 10, 94

regulations 8, 9, 42, 56

Regulatory Impact Assessment (RIA) 8

relative price changes 25-6

relative price effect, definition 104

relative prosperity 24, 91-4

relevant cost/benefit, definition 104

rental values 69

rents 71-2

reports 6, 44, 46, 47

required performance criteria 35

required rate of return (RRR) 27, 104

research

creating options 17

measuring non-market impacts 58, 59-63

measuring unvalued costs and benefits 34

preliminary 4, 11

valuation of environmental impacts 63-7

valuation of options 22

residual values 21

resource budgets 19

resource costs 19, 104

resources, definition 104

results, presentation 6, 47

retention of vacant land 72

revealed preference 23, 57, 58

definition 104

relative price changes 25

value of a prevented fatality (VPF) 62

see also hedonic pricing; willingness to pay

risk, definition 104

risk allocation tables 84

Risk Analysis and Management for Projects (RAMP) 82

risk log see risk register

risk management 29, 41-2, 79-82

risk modelling see Monte Carlo analysis

risk premium 30

risk register 80, 104

risks 4, 79-89

best option selection 38

prevention and mitigation 29, 34, 41, 80-2

transferring 41, 82-4

valuation 29, 30-2

see also catastrophe risk; irreversible risk; Monte Carlo analysis; systematic risk

road schemes, valuation of time 59-60

ROAMEF (Rationale, Objectives, Appraisal, Monitoring, Evaluation, Feedback) cycle 3

rural areas 9