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Cost-Benefit Analysis
Cost-benefit analysis is a financial decision-making process in which the costs of taking an action are compared to the benefits that action will provide.
Expected Benefits
Anticipated advantages or improvements resulting from a particular action, investment, or decision.
Implementing Alternative
The process of executing or applying a different option or strategy, typically to solve a problem or improve a situation.
Classical Decision Model
A theoretical framework suggesting that decision-makers have complete information, allowing for optimal choices based on rational analysis.
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