Definitions for "Risk-benefit analysis"
Estimate of the short- and long-term risks and benefits of using a particular product or technology. See risk assessment.
Comparison of the short- and long-term risks to the overall societal benefits of an activity, chemical use, or technology. When risks and benefits are expressed in monetary terms, this is effectively cost-benefit analysis. Both the Federal Insecticide, Fungicide, and Rodenticide Act and the Toxic Substances Control Act direct the Environmental Protection Agency to base regulatory decisions on a risk-benefit or cost-benefit basis.
a process of assessing the risks and benefits of a proposed course of action to determine if the action should be taken.
a necessary component of cancellation and suspension proceedings under FIFRA