Concept information
Preferred term
utility analysis
Definition
- Utility analysis is a tool for decision making. It is the determination of institutional gain or loss (outcomes) anticipated from various courses of action, after taking into account both costs and benefits. [Source: Encyclopedia of Industrial and Organizational Psychology; Utility Analysis]
Broader concept
Belongs to group
URI
https://concepts.sagepub.com/social-science/concept/utility_analysis
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