What is another word for a trade-off?

What is another word for trade-off?

What is the cost of a trade-off called?

In economics, the term trade-off is often expressed as an opportunity cost, which is the most preferred possible alternative. A trade-off involves a sacrifice that must be made to get a certain product or experience.

What is quality trade-off?

The quantity–quality tradeoff theory implies that a reduction in fertility would induce more human capital investment per child, and it is widely believed that population control policy could promote human capital levels in developing countries.

What are the tradeoffs and constraints?

This is because natural evolutionary processes are simultaneously affected by various types of constraints acting at the different levels of biological organization. Of particular importance are constraints where correlated changes occur in opposite directions, called trade-offs.

What is an economic trade-off?

The term “trade-off” is employed in economics to refer to the fact that budgeting inevitably involves sacrificing some of X to get more of Y. With a fixed amount of savings, one can buy a car or take an expensive vacation, but not both. The car can be “traded off” for the vacation or vice versa.

What is a antonym for trade-off?

antonyms for trade-off denial. disagreement. misunderstanding. refusal. contest.

How can you differentiate between trade-off and opportunity cost?

The trade-off is a term used to describe the courses of action given up in order to perform the preferred course of action. Conversely, the opportunity cost is defined as the cost of opting one course of action and forgoing another opportunity, to undertake that course of action.

Why there is a trade off between cost and quality?

It also stands to reason that higher quality costs more, and many parents are trying to economize on cost, too. Cutting costs almost always results in lower quality, and so a trade off has to be made.

What is trade off logistics?

The logistic trade-offs are the increase in revenue due the expansion of customer service or the increase in one cost being offset by the decrease of another.

How do you evaluate trade-offs?

Tradeoffs between two dimensions can be assessed by asking how much of one dimension must be given up in order to compensate for a change in the other dimension, with respect to the effect of these changes on the rating.

What is another word for trade-off?

other words for trade-off. MOST RELEVANT. agreement. arrangement. compensation. contract. deal. establishment. payment.

What is time cost trade off scheduling in construction?

Time and cost are main management goals. Contractors want to get the highest profit so they must plan to complete the job in early time with a minimum cost. Much previous formulate to solve the time cost trade off scheduling problem for construction projects.

What is the relationship between time quality and cost in construction?

The time, Quality and cost are interdependent parameters in a building project. When the construction time is shortened, the project Cost should be added. It is a tough challenge to balance those objectives in a practice. The cost is usually the most important determinant of selecting a contractor in current construction industry.

Is the era of “quality at any cost” over?

The era of “quality at any cost” has come to an end in the face of declining state support and flattening net tuition revenues. But with the right tools, academic leaders can continue to enhance quality by reallocating resources from lower impact activities to higher impact, mission-aligned priorities.