Cost-effectiveness Analysis

Cost-effectiveness analysis (CEA) is a method used to compare the relative costs and outcomes (effects) of different courses of action in aviation. It involves identifying and measuring all relevant costs and outcomes associated with each option, and then comparing the costs and outcomes of each option to determine which one provides the most value for money. CEA is often used in aviation to evaluate the cost-effectiveness of safety measures, such as the installation of new safety equipment or the implementation of new safety procedures. It can also be used to evaluate the cost-effectiveness of different aircraft models, maintenance strategies, and other operational decisions.
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