cost-effectiveness engineering
nounUK /ˌkɒst ɪˈfektɪvnəs ˌendʒɪˈnɪərɪŋ/
US /ˌkɔst ɪˈfektɪvnəs ˌendʒɪˈnɪrɪŋ/
A way of designing things so they work well without costing too much money.
The team used cost-effectiveness engineering to build a bridge that was strong and cheap.
RELATED WORDS
OTHER MEANINGS
2. The practice of comparing the money spent on a design with the benefits it brings.
Cost-effectiveness engineering showed that the cheaper material was just as good.
3. A method of improving a product by cutting waste and unnecessary expense.
Through cost-effectiveness engineering, the factory reduced waste and lowered prices.
4. The study of making engineering choices that give the best value for the money.
She studied cost-effectiveness engineering to help hospitals buy better equipment for less.