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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
Literary usage of Cost-benefit analysis
Below you will find example usage of this term as found in modern and/or classical literature:
1. Trade and Regulatory Reform: Insights from Country Experience by OECD Staff, Oecd, SourceOECD (Online service) (2001)
"An initial analysis would suggest that, in theory, cost-benefit analysis ...
However, there appear to be no instances of this type of cost- benefit analysis ..."
2. Aviation Safety: Congressional Hearing edited by Slade Gorton (2000)
"My problem with allowing cost-benefit analysis to dictate safety and security
... On the basis of cost-benefit analysis, it is difficult to justify any ..."
3. Safety on Roads: What's the Vision? by Ruskin College, Oecd (2002)
"Social cost-benefit analysis is potentially the most powerful evaluation tool
for public choice. This tool integrates the supply side of a policy (derived ..."
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