kustannustenhyötyjen
Kustannustenhyötyjen is a Finnish term that translates to "cost-benefit" or "cost-effectiveness" in English. It refers to an analytical approach used to evaluate the advantages and disadvantages of a decision, project, or policy, typically in monetary terms. The core principle of cost-benefit analysis is to compare the total expected costs against the total expected benefits to determine whether the benefits outweigh the costs. This helps in making informed decisions by quantifying the potential outcomes of different choices.
The process of conducting a cost-benefit analysis involves identifying all relevant costs, both direct and indirect,
Cost-benefit analysis is widely applied in various fields, including public policy, business investment, environmental management, and