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What is a cost-benefit analysis?

What is a cost-benefit analysis? Here are some definitions.

Noun
  1. (economics) A methodology to help appraise or assess the case for a project or proposal, by estimating the net cost or benefit of the project of proposal.
  2. Any comparison of costs and benefits.
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Examples
The fifth recommendation in the committee report called for a cost-benefit analysis.
Due to this difficulty, some opponents of cost-benefit analysis deny that rates of return serve any useful purpose for forward planning.
The real problem however is that the kind of cost-benefit analysis that is being used here is inappropriate for the values involved.
Amongst other things, I intend to use value for money' as a basis for the cost-benefit analysis.
Therefore, Spain would still have to demonstrate the proportionality of the aid by means of a cost-benefit analysis.
This model permits simple cost-benefit analysis in the context of the criminal decision making process.

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