An economic analysis that compares costs of competing interventions to benefits valued in monetary units. (see economic evaluation) ... more ...
an attempt to identify and analyze a set of costs and benefits in order to make a decision through an economic justification
An analysis of the potential costs and benefits of the project and comparison with alternative forms of investment. Used to determine if a project is worth spending the money on.
A cost benefit analysis compares the cost of implementing countermeasures with the value of the reduced risk.
An analytic procedure to aid In balancing a procedure's or program's fiscal cost with its benefits, frequently expressed in dollars. Sometimes referred to as risk-benefit analysis.
an analysis of the relationship between the costs of undertaking a task or project, initial and recurrent, and the benefits likely to arise from the changed situation, initially and recurrently. Note: the hard, tangible, readily measurable benefits may sometimes be accompanied by soft benefits which may be real but difficult to isolate, measure and value. (Allows comparison of the returns from alternative forms of investment.)
An economic analysis on the impacts of a proposed rule change required by the Administrative Procedures Act. Benefits of new regulation must be shown to outweigh the costs, and the state agency is required to select the least burdensome regulatory alternative that meets the rule making objectives.
The analysis of the business benefit realized by the cost of expenditure on some resource, tool, or application development.
The economic justification for a project; quantifying its costs and benefits for comparison.
is an appraisal technique that attempts to place values on all benefits arising from a project and then compares the total value with the project's total cost. Ascertaining benefits may not be solely restricted to financial benefits. Integration of ICT can often increase access to care (telemedicine and telehealth) and can generate a time benefit to the health care system (e-Health). This in-turn can contribute to an increase in the quality of care as well.
The economic and social justification for a proposed project.
A quantitative evaluation of the costs which would be incurred versus the overall benefits to society of a proposed action such as the establishment of an acceptable dose of a toxic chemical.
A document that describes the pros and cons of a particular proposal, strategy or decision.
A technique for comparing the costs of taking a particular course of action with the benefits achievable from the outcome.
A technique used to compare the various costs associated with an investment with the benefits that it proposes to return. Both tangible and intangible factors should be addressed and accounted for.
