omkostningsvenligt
Omkostningsvenligt is a Danish adjective used to describe products, services, or policies that deliver a favorable balance between costs and benefits over their useful life. It implies value for money and a focus on total cost of ownership rather than just the upfront price.
Etymology and usage: The term combines omkostninger (costs) with venligt (friendly). It is commonly used in Danish
Assessment: In practice, omkostningsvenlige decisions take into account lifecycle costs, including purchase price, maintenance, energy consumption,
Examples: An energy-efficient refrigerator, despite a higher upfront price, may be omkostningsvenligt due to lower electricity
Limitations: The label is context-dependent and relies on chosen time horizon and discount rate. What is omkostningsvenligt