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Cost-effectiveness analysis
Cost-effectiveness analysis is a method of economic evaluation that compares the cost of different interventions with the benefits gained in terms of improved outcomes, such as increased quality of health and saved lives. It is used to determine which intervention(s) provide the most improvement in outcomes for the cost incurred.From: Diagnosis [2017], Mechanistic analysis and cost-effectiveness evaluation of asphalt rubber mixtures
[2020]
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cost-effectiveness ratio (CE ratio): the cost of an intervention expressed by outcome of lives saved by that intervention (or adjusted for improved quality of life). Cost-effectiveness analysis is used most often to compare different interventions to determine which one(s) achieve(s) the most improvement in outcome (in lives and quality of health) for the cost. (See Figure 13.3.).
Mechanistic analysis and cost-effectiveness evaluation of asphalt rubber mixtures
Cost-effectiveness analysis is an economic evaluation technique for comparing the cost paid to the gained benefit for evaluating alternatives. Cost-effectiveness of the conventional HMA, and the asphalt rubber mixtures was calculated by dividing the expected performance of each mixture over its required construction cost, as given by Equation (4).
Optimal Control Model and Cost Effectiveness Analysis of Maize Streak Virus Pathogen Interaction with Pest Invasion in Maize Plant
To rank the implemented strategies in terms of their cost and health outcomes we apply cost-effectiveness analysis. To achieve this, we used an Incremental cost-effectiveness ratio (ICER) that proposed by [19], as follows: