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cost-benefit analysis |
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cost-benefit analysisIn governmental planning and budgeting, the attempt to measure the social benefits of a proposed project in monetary terms and compare them with its costs. The procedure was first proposed in 1844 by Arsène-Jules-Étienne-Juvénal Dupuit (1804–66). It was not seriously applied until the 1936 U.S. Flood Control Act, which required that the benefits of flood-control projects exceed their costs. A cost-benefit ratio is determined by dividing the projected benefits of a program by the projected costs. A wide range of variables, including nonquantitative ones such as quality of life, are often considered because the value of the benefits may be indirect or projected far into the future. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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A dynamic Layer 1 service helps companies trying to solve the dilemma of build versus buy, as well as those seeking network flexibility to plan for the unanticipated," said Ted Chamberlin, research director, Gartner, Inc. Hitachi continues to successfully execute on its pragmatic approach towards build versus buy -- delivering customers unique best-of-breed solutions that fuse the best products on the market today with innovative custom solutions from Hitachi," said John Mansfield, senior vice president, Global Solutions Strategy and Development, Hitachi Data Systems. The Growing Cost of EDA Tools: When to Build versus Buy |
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