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Definition of Cost-benefit analysis
1. Noun. An analysis of the cost effectiveness of different alternatives in order to see whether the benefits outweigh the costs.
Definition of Cost-benefit analysis
1. Noun. (finance economics) A methodology to help appraise or assess the case for a project or proposal, by estimating the net cost or benefit of the project of proposal. ¹
2. Noun. Any comparison of costs and benefits. ¹
¹ Source: wiktionary.com
Medical Definition of Cost-benefit analysis
1. A method of comparing the cost of a program with its expected benefits in dollars (or other currency). The benefit-to-cost ratio is a measure of total return expected per unit of money spent. This analysis generally excludes consideration of factors that are not measured ultimately in economic terms. Cost effectiveness compares alternative ways to achieve a specific set of results. (12 Dec 1998)
Lexicographical Neighbors of Cost-benefit Analysis
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