an analysis of the cost effectiveness of different alternatives in order to see whether the benefits outweigh the costs
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.
Any comparison of costs and benefits.
U.S. National Library of Medicine
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.
The numerical value of cost-benefit analysis in Chaldean Numerology is: 2
The numerical value of cost-benefit analysis in Pythagorean Numerology is: 2
Sample Sentences & Example Usage
If the government wanted to deter illegal immigration, they would alter the cost-benefit analysis. Instead, they are looking for ways to help them stay.
We are committed to a thorough cost-benefit analysis and the cost-benefit analysis is part of the procurement process. We are not going to compromise our country in any way.
A natural disaster or flood of bullets flying around your neighborhood doesn’t meet the standard, if the government wanted to deter illegal immigration, they would alter the cost-benefit analysis. Instead, they are looking for ways to help them stay.
Presenting a cost-benefit analysis on a hypothesis or a scenario is not something that gets ministers of finance with very pressed public budgets interested, they'd rather spend on something that brings them a bounce in terms of the votes they might win, and that tends to be focused on things like health, education and infrastructure.
Parents of all socioeconomic statuses do a bit of cost benefit analysis when they decide whether and how much to participate in well-baby care, if they must take a day or afternoon off work, negotiate complex transportation logistics, or miss out on time they could be spending attending to more pressing issues – like food, housing or utility insecurity – then they want to feel there is a clear benefit to doing so.
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Translations for cost-benefit analysis
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"cost-benefit analysis." Definitions.net. STANDS4 LLC, 2018. Web. 22 Mar. 2018. <https://www.definitions.net/definition/cost-benefit analysis>.