TeachMeFinance.com - explain Cost-Effective Alternative
An alternative control or corrective method identified after analysis as being the best available in terms of reliability, performance, and cost. Although costs are one important consideration, regulatory and compliance analysis does not require EPA to choose the least expensive alternative. For example, when selecting or approving a method for cleaning up a Superfund site, the Agency balances costs with the long-term effectiveness of the methods proposed and the potential danger posed by the site.
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