Cost-effectiveness
Cost-effectiveness is a measure of the efficiency of an aviation operation or program in terms of its cost per unit of output or outcome. It is a comparison of the costs and benefits of different options to achieve a specific objective, such as improving safety or reducing emissions. Cost-effectiveness analysis is used to evaluate the economic feasibility of aviation projects and to identify the most efficient use of resources. It takes into account both the direct and indirect costs and benefits of an aviation program or operation, including the costs of equipment, personnel, training, maintenance, and fuel, as well as the benefits of increased efficiency, reduced delays, and improved safety.
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