cost-benefit analysis

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Related to Cost/benefit analysis: Cost Benefit Ratio

cost-benefit analysis (CBA)

a type of economic evaluation of medical care expense. It compares the expected monetary benefit derived from different health interventions with the expected cost of providing each of the interventions to determine the best or most profitable option.

cost-benefit analysis

Cost-benefit evaluation Clinical trials A form of economic analysis from a social perspective, in which the costs of medical care are compared with the economic benefits of the care provided, with both the costs and benefits being expressed in monetary units; the benefits evaluated include projected ↓ in future health care costs and ↑ earning as a result of the intervention of interest. Cf Cost-effectiveness analysis.

cost-benefit analysis

see benefit-cost analysis.

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For each of the real cases that follow, a simple cost/benefit analysis has been constructed, based solely on the actual legal and other liability expenses that resulted after a failure to conduct background checks, drug tests or other screening measures.