kustannushyötykatsaukseen

Kustannushyötykatsaus, often translated as cost-benefit analysis, is a systematic process for calculating and comparing the benefits and costs of a project, decision, or policy. The primary goal is to determine if the potential benefits outweigh the associated costs, thereby justifying the undertaking. This method is widely used in various fields, including business, economics, and public policy, to evaluate the economic feasibility and desirability of different options.

The process typically involves identifying all relevant costs, both direct and indirect, and quantifying them in monetary terms. Similarly, all anticipated benefits are identified and also expressed in monetary value. These costs and benefits are then compared over a specific time horizon. Various techniques can be employed to measure these factors, such as estimating the return on investment, net present value, or internal rate of return.

A key aspect of a robust kustannushyötykatsaus is the consideration of both tangible and intangible factors, although quantifying intangible elements like environmental impact or social welfare can be challenging. Sensitivity analysis is often performed to assess how changes in key assumptions might affect the outcome. The results of a kustannushyötykatsaus help decision-makers make informed choices by providing a clear, data-driven basis for comparison and prioritization. It aids in allocating resources effectively and maximizing overall value.