Benefit/cost analysis


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Benefit/cost analysis

An economic method for assessing the benefits and costs of achieving alternative health-based standards at given levels of health protection.
References in periodicals archive ?
Furthermore, in order to prioritize the strategic actions in terms of efficiency to meet the customer requirements with limited resources, benefit/cost analysis was integrated into the proposed approach as well.
Because there is no such thing as a perfect assessment of environmental effects or associated values, decisionmakers and others should view the results of benefit/cost analysis or MCDA as input into the decisionmaking process, rather than uncritically accepting the results and implementing the highest-ranked alternative.
The project addresses a need identified and prioritized through the ReBuild Houston Process utilizing a worst first methodology, objective data and benefit/cost analysis.