the exchange of one thing (object, right, opportunity) for another of approximately equal value, so as to seal a bargain, or effect a compromise.
the giving up of one desired objective in order to attain another, when both cannot be achieved at the same time; as, the factory workers viewed the trade-off of air quality for jobs as a necessary evil.
an exchange between two variables, such as quick sales and long-term growth, or unemployment and inflation.
a management decision whereby there is a reduction of one forest use in favour of another, such as a reduced timber yield in favour of improved wildlife habitat. In some cases, a management decision favouring one use in one location, is offset by a reverse decision favouring another use in another location.
an exchange that occurs as a compromise; "I faced a tradeoff between eating and buying my medicine"
a forced choice between alternatives
A situation that occurs when choices or decisions involve giving up (trading off) some of one thing to get more of something else.
The value of something that has to be given up in order to get something else that is desired (e.g. the environmental cost incurred to obtain economic development). Sustainability can be evaluated by the sum of the various social, economic and natural resources where the degrees of use, exchange and trading among resources will vary according to the values given to each. Trade-off patterns are therefore determined by the different properties of a system and their importance to different groups. The understanding of social dynamics and resource-use systems and the evaluation of related trade-offs, in terms of equity, productivity, resilience and environmental stability, are useful to envision alternative development scenarios.
Allowing one aspect to change, usually for the worse, in return for another aspect of a project getting better. [D02081] OTOB 271-4 In an economic analysis or assessment of design alternatives, certain product s or certain input resources are interrelated so that increasing one reduces the others. Between such product s or resources there is a "trade-off" cost or revenue as one is substituted for another. In preparing a building design, for example, there is a relationship between heating capacity and amount of thermal insulation installed. This can be translated into a set of "trade-off" cost s that vary over the range of feasible heating capacity values for any given temperature range. See also Value Management. [D02082] CCCP
Giving up some of one thing to get some of another thing.
Consideration of both the advantages and drawbacks of several options.
an exchange of one thing in return for another; especially relinquishment of one benefit or advantage for another regarded as more desirable.
choosing less of one thing in order to get more of something else. At the movie theater, choosing a smaller box of popcorn provides the money to buy a larger soda.
Exchange of one thing for another; especially, the giving up of something for another that is regarded as more desirable.
A trade-off is an exchange process in which a decision maker gives up partly on some issues so as to gain on other issues.
The opportunity costs of selecting one alternative rather than another.
A trade-off usually refers to losing one quality or aspect of something in return for gaining another quality or aspect. It implies a decision to be made with full comprehension of both the upside and downside of a particular choice.