Cost-effectiveness analysis

cost-effectivecost-effectivenesscost effectivecost effectivenessCost-Effectiveness Analysis Registrybalance of costs and benefitscost effectiveness analysiscost effectiveness reportscost-effective analysiscost-effective levels
Cost-effectiveness analysis (CEA) is a form of economic analysis that compares the relative costs and outcomes (effects) of different courses of action.wikipedia
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Cost–benefit analysis

cost-benefit analysiscost benefit analysiscost-benefit
Cost-effectiveness analysis is distinct from cost–benefit analysis, which assigns a monetary value to the measure of effect.
CBA is related to cost-effectiveness analysis.

Quality-adjusted life year

QALYquality-adjusted life years(QALY),
The most commonly used outcome measure is quality-adjusted life years (QALY). A special case of CEA is cost–utility analysis, where the effects are measured in terms of years of full health lived, using a measure such as quality-adjusted life years or disability-adjusted life years.
This parameter can be used to develop a cost-effectiveness analysis of any treatment.

Cost–utility analysis

cost-utility analysis
Cost–utility analysis is similar to cost-effectiveness analysis. A special case of CEA is cost–utility analysis, where the effects are measured in terms of years of full health lived, using a measure such as quality-adjusted life years or disability-adjusted life years.
Hence it can be considered a special case of cost-effectiveness analysis, and the two terms are often used interchangeably.

Distributional cost-effectiveness analysis

Cost-effectiveness analysis focuses on maximising the average level of an outcome, distributional cost-effectiveness analysis extends the core methods of CEA to incorporate concerns for the distribution of outcomes as well as their average level and make trade-offs between equity and efficiency, these more sophisticated methods are of particular interest when analysing interventions to tackle health inequality.
{Distributional cost-effectiveness analysis (DCEA) is an extension of standard cost-effectiveness analysis that incorporates concern for both the average levels of outcomes as well as the distribution of outcomes.

Incremental cost-effectiveness ratio

ICERincremental
Cost-effectiveness is typically expressed as an incremental cost-effectiveness ratio (ICER), the ratio of change in costs to the change in effects.
The incremental cost-effectiveness ratio (ICER) is a statistic used in cost-effectiveness analysis to summarise the cost-effectiveness of a health care intervention.

Pharmacoeconomics

pharmacoeconomicpharmaco-economics
In the context of pharmacoeconomics, the cost-effectiveness of a therapeutic or preventive intervention is the ratio of the cost of the intervention to a relevant measure of its effect.
Pharmacoeconomics centers on the economic evaluation of pharmaceuticals, and can use cost-minimization analysis, cost-benefit analysis, cost-effectiveness analysis or cost-utility analysis.

Negawatt market

Negawatt powernegawattnegawatts
Such savings are sometimes called negawatts.
Cost for negawatt power can be calculated using cost-effectiveness analysis or CEA.

Efficient energy use

energy efficiencyenergy efficientenergy-efficient
CEA has been applied to energy efficiency investments in buildings to calculate the value of energy saved in $/kWh.
To evaluate the economic soundness of energy efficiency investments in buildings, cost-effectiveness analysis or CEA can be used.

Economy

economiceconomiesnational economy
Cost-effectiveness analysis (CEA) is a form of economic analysis that compares the relative costs and outcomes (effects) of different courses of action.

Financial analysis

analysisfinancial analyticsanalyses
Cost-effectiveness analysis (CEA) is a form of economic analysis that compares the relative costs and outcomes (effects) of different courses of action.

Monetization

monetizemonetizingmonetized
Cost-effectiveness analysis is often used in the field of health services, where it may be inappropriate to monetize health effect.

Quadrant (plane geometry)

quadrantquadrantsfirst quadrant
Cost-effectiveness analyses are often visualized on a plane consisting of four-quadrants, the cost represented on one axis and the effectiveness on the other axis.

Health equity

health disparitieshealth inequalitieshealth inequality
Cost-effectiveness analysis focuses on maximising the average level of an outcome, distributional cost-effectiveness analysis extends the core methods of CEA to incorporate concerns for the distribution of outcomes as well as their average level and make trade-offs between equity and efficiency, these more sophisticated methods are of particular interest when analysing interventions to tackle health inequality.

Tank

tankstank commanderarmor
In the acquisition of military tanks, for example, competing designs are compared not only for purchase price, but also for such factors as their operating radius, top speed, rate of fire, armor protection, and caliber and armor penetration of their guns.

Radius

radiiradialradially
In the acquisition of military tanks, for example, competing designs are compared not only for purchase price, but also for such factors as their operating radius, top speed, rate of fire, armor protection, and caliber and armor penetration of their guns.

Rate of fire

rpmrounds per minutecyclic rate
In the acquisition of military tanks, for example, competing designs are compared not only for purchase price, but also for such factors as their operating radius, top speed, rate of fire, armor protection, and caliber and armor penetration of their guns.

Penetration (weaponry)

penetrationpenetrativepenetrator weapon
In the acquisition of military tanks, for example, competing designs are compared not only for purchase price, but also for such factors as their operating radius, top speed, rate of fire, armor protection, and caliber and armor penetration of their guns.

Radar

radar stationradarsradar system
Conversely, if the difference in price is near zero, but the more costly competitor would convey an enormous battlefield advantage through special ammunition, radar fire control and laser range finding, enabling it to destroy enemy tanks accurately at extreme ranges, military planners may choose it instead – based on the same cost-effectiveness principle.

Fire-control system

fire controlfire control systemfire-control director
Conversely, if the difference in price is near zero, but the more costly competitor would convey an enormous battlefield advantage through special ammunition, radar fire control and laser range finding, enabling it to destroy enemy tanks accurately at extreme ranges, military planners may choose it instead – based on the same cost-effectiveness principle.

Laser

laserslaser beamlaser light
Conversely, if the difference in price is near zero, but the more costly competitor would convey an enormous battlefield advantage through special ammunition, radar fire control and laser range finding, enabling it to destroy enemy tanks accurately at extreme ranges, military planners may choose it instead – based on the same cost-effectiveness principle.

Rangefinder

rangingrange finderrangefinders
Conversely, if the difference in price is near zero, but the more costly competitor would convey an enormous battlefield advantage through special ammunition, radar fire control and laser range finding, enabling it to destroy enemy tanks accurately at extreme ranges, military planners may choose it instead – based on the same cost-effectiveness principle.

Dollar

$dollarsUS$
Cost refers to the resource expended for the intervention, usually measured in monetary terms such as dollars or pounds.

Pound sterling

£GBPpounds
Cost refers to the resource expended for the intervention, usually measured in monetary terms such as dollars or pounds.

Blood pressure

systolic blood pressurediastolic blood pressurearterial blood pressure
Examples include the number of people cured of a disease, the mm Hg reduction in diastolic blood pressure and the number of symptom-free days experienced by a patient.

Disability-adjusted life year

DALYdisability adjusted life yearsdisability-adjusted life years
A special case of CEA is cost–utility analysis, where the effects are measured in terms of years of full health lived, using a measure such as quality-adjusted life years or disability-adjusted life years.