Definitions of cost-benefit analysis

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Definition of 'cost-benefit analysis'

Princeton's WordNet

1. (noun) cost-benefit analysis
an analysis of the cost effectiveness of different alternatives in order to see whether the benefits outweigh the costs

Definition of 'cost-benefit analysis'

U.S. National Library of Medicine

1. cost-benefit analysis
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.

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