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Net benefit is a weighted combination of true and false positives, where the weight is derived from the threshold probability. The predictor could be a binary classifier, or a percentage risk from a prediction model, in which case a positive classification is defined by whether predicted probability is at least as great as the threshold probability
Cost–benefit analysis is often used by organizations to appraise the desirability of a given policy. It is an analysis of the expected balance of benefits and costs, including an account of any alternatives and the status quo. CBA helps predict whether the benefits of a policy outweigh its costs (and by how much), relative to other alternatives.
Benefit–cost ratio. A benefit–cost ratio [1] ( BCR) is an indicator, used in cost–benefit analysis, that attempts to summarize the overall value for money of a project or proposal. A BCR is the ratio of the benefits of a project or proposal, expressed in monetary terms, relative to its costs, also expressed in monetary terms.
A net (sometimes written nett) value is the resultant amount after accounting for the sum or difference of two or more variables. In economics, it is frequently used to imply the remaining value after accounting for a specific, commonly understood deduction. In these cases it is contrasted with the term gross, which refers to the pre-deduction ...
The net benefit that an information system is able to deliver is an important facet of the overall value of the system to its users or to the underlying organization. In the IS success model, net system benefits are affected by system use and by user satisfaction with the system.
Mutualism (biology) Mutualism describes the ecological interaction between two or more species where each species has a net benefit. [1] Mutualism is a common type of ecological interaction. Prominent examples are: the way corals become photosynthetic with the help of the microorganism zooxanthellae.
Net income is informally called the bottom line because it is typically found on the last line of a company's income statement (a related term is top line, meaning revenue, which forms the first line of the account statement). In simplistic terms, net profit is the money left over after paying all the expenses of an endeavor.
Net insurance benefit. Net Insurance Benefits (NIBs) in their simplest forms, are the profits from a portfolio of life insurance policies. NIB is a term used in the life settlement industry to describe the net cash flows from a portfolio of life contingent assets commonly structured to pool assets together for purposes of diversification ...