trade-offs
Gains requiring losses
Trade-offs are the costs accepted when choosing one option over another.
Every decision involves trade-offs—gaining something means giving up something else: The trade-off for a higher salary was longer hours.
In economics and engineering, the term describes balancing competing factors: There's always a trade-off between speed and accuracy.
Also spelled tradeoffs.
Negotiating mutually acceptable terms
- give-and-takeMutual concession between parties
- concessionsThings granted or yielded
- middle-groundIntermediate position between extremes
- compromiseAgreement through mutual sacrifice
settlement · deal-making · terms · agreement · mediation · quid pro quo · leverage · counteroffer
State of balance
- cost-benefitComparing expenditure to return
- optimizationMaximizing efficiency or performance
- weighingMeasuring mass or heft
- prioritizationRanking by importance
allocation · calibration · proportionality · adjustment · counterbalance · proportion · tuning · parity
Required payment amount
- lossBeing without something
- concessionYielding a point
- disadvantageUnfavorable circumstance or condition
- detrimentCause of damage
forfeit · compromise · renunciation · relinquishment · surrender · privation · deprivation · self-denial
Act of selecting
- dilemmaForced choice between undesirables
- alternativesOther available options
- optionsAvailable courses of action
- considerationsFactors in a decision
priorities · constraints · criteria · judgment · deliberation · evaluation · assessment · analysis
bargaining
Negotiating mutually acceptable terms
- give-and-takeMutual concession between parties
- concessionsThings granted or yielded
- middle-groundIntermediate position between extremes
compromise · settlement · deal-making · terms · agreement · mediation · quid pro quo · leverage · counteroffer · consensus
equilibrium
State of balance
- cost-benefitComparing expenditure to return
- optimizationMaximizing efficiency or performance
- weighingMeasuring mass or heft
prioritization · allocation · calibration · proportionality · adjustment · counterbalance · proportion · tuning · parity · symmetry
cost
Required payment amount
- lossBeing without something
- concessionYielding a point
- disadvantageUnfavorable circumstance or condition
detriment · forfeit · compromise · renunciation · relinquishment · surrender · privation · deprivation · self-denial · yielding
choice
Act of selecting
- dilemmaForced choice between undesirables
- alternativesOther available options
- optionsAvailable courses of action
considerations · priorities · constraints · criteria · judgment · deliberation · evaluation · assessment · analysis · calculation
- productivityproductivity, prioritization, finishing, output, wrapping up
- Decision-Makingchoice, poor judgment, sound judgment, informed decision, hasty decision
- decisionschoice, make a decision, choices, yes, no
- pros and conspros, cons, advantage, disadvantage, pluses
- judgmentgood judgment, sound judgment, discernment, prudence, judiciousness
- comparative analysiscontrast, comparison, benchmark, ranking, rating
trade-offsfree lunches
Meals provided at no charge
free lunch · best of both worlds · win-win · cake and eat it too · free ride