Cost-effectiveness Analysis (CEA)
Analytic technique that compares the cost of two or more alternatives with the same outcome. Alternatively: analytic technique that evaluates an alternative by how much it delivers per unit cost, or how much has to be spent per unit benefit.
Sample Usage: Cost-effectiveness analysis supported selection of a new screening technology for detecting contraband items because its cost per item detected is less than that of the current s creening method.
Source: DHS Risk Lexicon, U.S. Department of Homeland Security, 2010 Edition. September 2010 Regulatory Guidance