AN INTRODUCTION TO COST-EFFECTIVENESS ANALYSIS

THE USE OF ECONOMIC ANALYSIS AS A CONCEPTUAL FRAMEWORK IN ASSISTING DECISION-MAKERS IS DISCUSSED IN THIS PAPER. THIS INVOLVES THE SYSTEMATIC EXAMINATION OF THE COSTS, EFFECTIVENESS, AND RISKS OF ALTERNATIVE POLICIES OR COURSES OF ACTION. THE PRIMARY INGREDIENTS OF COST-EFFECTIVENESS ANALYSES OR SYSTEMS ANALYSES DISCUSSED ARE: (1) OBJECTIVES, (2) ALTERNATIVE MEANS OR SYSTEMS, (3) COSTS OR RESOURCES REQUIRED BY EACH SYSTEM, (4) A MATHEMATICAL OR LOGICAL MODEL, A SET OF RELATIONS AMONG THE OBJECTIVES, ALTERNATIVE MEANS, ENVIRONMENT, AND RESOURCES, AND (5) A CRITERION FOR CHOOSING THE PREFERRED ALTERNATIVES USUALLY RELATING OBJECTIVES AND COSTS. THIS IS A WRITTEN VERSION OF A LECTURE DESIGNED TO SHOW THE BASIC THEORY UNDERLYING COST- EFFECTIVENESS ANALYSIS AND TO BE A BEGINNING FOR DEVELOPING THE TOOLS AND LANGUAGE THAT WOULD PERMIT GREATER EASE IN USE AND UNDERSTANDING OF COST-EFFECTIVENESS ANALYSIS. /AUTHOR/

  • Corporate Authors:

    General Research Corporation

    Operations Analysis Division, Westgate Research Park
    McLean, VA  USA  22101
  • Authors:
    • Grosse, R N
  • Publication Date: 1965-7

Subject/Index Terms

Filing Info

  • Accession Number: 00201349
  • Record Type: Publication
  • Report/Paper Numbers: Rac Paper Rac-p-5
  • Files: TRIS
  • Created Date: Feb 20 1994 12:00AM