Every year the government invests a lot of resource in the mitigation work against disaster which causes a heavy burden on the government finance. In this paper, a performance evaluation model for reducing landslide disasters is proposed by the theories of costbenefit analysis and disaster risk management. The case study of landslide disasters of the Lushan hot-spring district in Nantou County is described to present the practicable process and rational results of the proposed model. The proposed model quantifies a performance index including the calculation of landslide occurrence probability, loss, risk reduction and ratio of cost-benefit. The case results show that the practicability and rationality of the proposed model are better than the traditional performance evaluation method. The results can be a reference for making policy decision for the government.