Cost-benefit analysis

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Term cost-benefit analysis
Status


Mandatory for


Contexts


Categories
Synonyms


Related entries

assessment of costs and benefits

Broader term


Narrower term


Abbreviation

CBA

Definition

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

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