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Concept
Cost-Benefit Analysis In Research
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Summary
Cost-benefit Analysis
in research involves evaluating the
Economic worth
of a study by comparing the
Expected costs
with the
Anticipated benefits
. This method aids researchers and stakeholders in deciding whether a
Research Project
is
Financially viable
and
Strategically aligned
with broader organizational or
Societal Goals
.
Concepts
Opportunity Cost
Cost-Effectiveness Analysis
Net Present Value
Return On Investment
Risk Assessment
Economic Impact Analysis
Stakeholder Analysis
Sensitivity Analysis
Budgeting
Resource Allocation
Ethical Considerations In Animal Research
Relevant Degrees
Economic Theory and Concepts 63%
Science Methodologies 38%
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