Cost-benefit analysis
noun
noun ·Rare ·Advanced level
Definitions
Noun
- 1 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. countable, uncountable
"Gratifying as it is to read such editorials even in the press which supports Mr. Marples' party—and to learn that the G.N. Line's London suburban electrification is at last being given a cost-benefit analysis of the kind which overwhelmingly justified the L.T. Victoria Line […] but years later than need have been […]"
- 2 an analysis of the cost effectiveness of different alternatives in order to see whether the benefits outweigh the costs wordnet
- 3 Any comparison of costs and benefits. countable, uncountable
Example
More examples"Gratifying as it is to read such editorials even in the press which supports Mr. Marples' party—and to learn that the G.N. Line's London suburban electrification is at last being given a cost-benefit analysis of the kind which overwhelmingly justified the L.T. Victoria Line […] but years later than need have been […]"