Cost-benefit Analysis (Noun)
Meaning
An analysis of the cost effectiveness of different alternatives in order to see whether the benefits outweigh the costs.
Classification
Nouns denoting cognitive processes and contents.
Examples
- The company conducted a thorough cost-benefit analysis before deciding to implement the new project.
- The researcher performed a cost-benefit analysis to determine the most effective method for reducing greenhouse gas emissions.
- A cost-benefit analysis of the new policy revealed that the benefits to the economy outweighed the costs of implementation.
- The city council commissioned a cost-benefit analysis to evaluate the feasibility of building a new stadium.
- The study's cost-benefit analysis showed that the investment in renewable energy would pay for itself within five years.