I am writing an academic paper in economics, and I am trying replace is justifiable with some other expression, but I am missing the right word.
Current text: The objective of loss minimization is only justifiable when loss coincides with cost.
Replace with: The objective of loss minimization ... when loss coincides with cost.
I need a formal word or phrase, something like makes sense, but the latter is too informal.
(The example is partly made up, so please do not focus on whether cost and loss are related in a meaningful way.)