system atic quantitative method for comparing the cost s of alternative means of achieving the same stream of benefits or a given objective. [D03485] GAT
Cost-effectiveness is a measure or expression of the extent to which some advertising activity has achieved its goals, per unit cost. The measure may be absolute ('it cost this to achieve that') or relative ('it only cost this to achieve that, compared with this, using this other medium/method'). Cost-effectiveness should not be confused with cost-efficiency.
A criterion for comparing alternatives when benefits or outputs cannot be valued in dollars. This relates costs of programs to performance by measuring outcomes in nonmonetary form. It is useful in comparing methods of attaining an explicit objective on the basis of least cost or greatest effectiveness for a given level of cost.
Usually indicated by a ratio, the cost-effectiveness of a procedure relates the cost of that procedure to the health benefits resulting from its use. In health terms, it is often expressed as the cost per year per life saved or as the cost per quality-adjusted life-year saved. Back to the top of the page
the measure of how effective the response was in terms of achieving its stated goals and objectives. Cost-effectiveness is useful in comparing the results from one response with those achieved by another.
A systematic quantitative method for comparing the costs of alternative means of achieving the same stream of benefits or a given objective.
the relation between the costs (inputs) and results produced by a project. A project is more cost effective when it achieves its results at the lowest possible cost compared with alternative projects with the same intended results.
The result obtained by striking a balance between the cost of developing and operation a system, and the benefits derived from that system.
the provision of effective benefit in relation to the cost involved
This means comparing the cost of activities to the results they achieve, as a way of reviewing whether your activities provide value for money. It is extremely difficult for NGOs to measure cost-effectiveness in practice.
Ensuring that there is a proper balance between the Quality of Service on the one side and expenditure on the other. Any investment that increases the costs of providing IT services should always result in enhancement to service quality or quantity.
a measure determined by comparing the costs and the consequences of different ways of doing something
The extent to which a medical technology achieves specified objectives at the lowest possible cost.
Minimizing the cost of achieving an intended result through a certain strategy.
An analysis to compare the benefits or results of an activity or program to its costs EHR/NSF Evaluation Handbook, Chapter Seven: GlossarySource web site
A policy is cost-effective if it achieves a given environmental quality target at minimum cost. Equally, the cost effective policy will get the maximum abatement (environmental quality) for a given cost. Thus, cost-effectiveness analysis is the process of choosing the least cost method of attaining a given environmental target.
In economics, cost-effectiveness refers to the comparison of the relative expenditure (costs) and outcomes (effects) associated with two or more courses of action. Cost-effectiveness is typically expressed as an incremental cost-effectiveness ratio (ICER), the ratio of change in costs : change in effects.
