TRADE|marketing|preparation for market
- anailís ar íoschostas Reference Faomhadh an téarma seo mar chuid de Thionscadal Lex
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- Least cost analysis
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- Definition a type of analysis commonly used to compare alternative projects or project designs when value of output (benefits) cannot be measured adequately (e.g. certain transport projects). If it can be assumed that the (unquantifiable) benefits exceed the cost and if appropriate adjustments are made for any differences in benefits among the alternative, the task is then to minimise the cost of obtaining them through least-cost analysis. Although cross-over discount rates may be generated, a legitimate rate of return cannot be obtained from such analysis, for it is done without reference to the value to users of the output Reference World Bank Gloss.,1986,Washington