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Cost–benefit analysis (CBA), sometimes also called benefit–cost analysis, is a systematic approach to estimating the strengths and weaknesses of alternatives.It is used to determine options which provide the best approach to achieving benefits while preserving savings in, for example, transactions, activities, and functional business requirements. [1]
Learn what cost-effectiveness analysis (CEA) is, how it compares different courses of action based on costs and outcomes, and how it is applied in various fields. Find out the difference between CEA and cost–benefit analysis, and see examples of CEA in health, military, and energy.
Learn how to break down the cost of a product or service into its various components, such as labor, material, conversion, logistics, subcontracting and overhead. See examples of cost breakdown analysis for transportation and corrugated boxes.
Learn how to use LCCA to determine the most cost-effective option for an object or process. Find out the difference between LCCA and TCOA, and how LCCA relates to green design and industrial ecology.
Cost accounting is a systematic set of procedures for recording and reporting measurements of the cost of manufacturing goods and performing services. It provides the detailed cost information that management needs to control current operations and plan for the future, and uses various techniques such as standard costing, variance analysis, and budgetary control.
Cost–utility analysis (CUA) is a form of economic analysis used to guide procurement decisions. The most common and well-known application of this analysis is in pharmacoeconomics , especially health technology assessment (HTA).
Cost–volume–profit (CVP), in managerial economics, ... A critical part of CVP analysis is the point where total revenues equal total costs (both fixed and ...
In business, a cost analyst is a professional responsible for analyzing a company's costs, or the use of available resources, and reports such analysis to management for decision-making and control. Additional to cost analysis generally, specific work includes whole-life cost analysis and cost–volume–profit analysis .
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