A technique is provided for use by a Multi-Radio Management Resource (MRRM) component of a multi-radio wireless communication system for controlling the handover of a mobile terminal between different radio access technologies (RAT). In one example, all suitable RATs having coverage areas currently covering the location of a mobile terminal are identified. The performance gain that might be achieved via a handover to one of the other RATs is then determined by the MRRM based on various performance gain factors. Handover costs that will be incurred as a result of the handover are also explicitly calculated. Then, a cost-adjusted gain is determined by the MRRM based on the performance gain and the handover costs. A handover is only triggered by the MRRM if the cost-adjusted gain exceeds a minimum threshold. The speed and trajectory of the mobile terminal may also be considered.