cost effectiveness in industry

Synonyms

cost-effectiveness,

Definition

A reduction of cost–benefi t analysis in which all the costs of a portfolio of projects are assessed in relation to a fixed policy goal. The policy goal in this case represents the benefits of the projects and all the other impacts are measured as costs or as negative costs (benefi ts). The policy goal can be, for example, realizing particular renewable energy potentials. (IPCC-SRREN, 2014).

A reduction of cost?benefi t analysis in which all the costs of a portfolio of projects are assessed in relation to a fixed policy goal. The policy goal in this case represents the benefits of the projects and all the other impacts are measured as costs or as negative costs (benefi ts). The policy goal can be, for example, realizing particular renewable energy potentials. (IPCC-SRREN, 2014).