Cost-benefit analysis

Link	Semantic Value
Term	cost-benefit analysis
Status
Mandatory for
Contexts
Categories
Synonyms
Related entries	assessment of costs and benefits
Broader term
Narrower term

Abbreviation

Cost-benefit analysis	CBA

Definition

Cost-benefit analysis

1) An evaluation method that provides a logical and consistent framework for assessing a particular option or options. A CBA gives an indication of the total economic welfare effects of a project by comparing all costs and benefits. 2) A formal discipline used to help appraise, or assess, the case for a project or proposal. This is achieved by weighing the total expected costs against the total expected benefits of one or more actions in order to choose the best or most profitable option.

Definition Source

Cost-benefit analysis	1) ICAO, DOC 9829 Guidance on the Balanced Approach to Aircraft Noise Management 2008, 2nd ed., p. (v) 2) EUROCONTROL (2008) Airport CDM Implementation Manual [1]

Note

Cost-benefit analysis