A PRIMER OF COST EFFECTIVENESS.
RESEARCH ANALYSIS CORP MCLEAN VA
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An elementary description of the methodology employed in cost-effectiveness studies is presented in a programmed learning format. The five essential parts of a study-the objectives, the alternative means to accomplish the objectives, the resources required, the models used to study the alternatives more completely, and the criteria for choosing among the alternatives-are presented. Life-cycle costs of systems-RDTE, initial procurement, and annual operating costs-are considered, as well as the advantages of a fixed-cost as opposed to a fixed-effectiveness approach. The importance of sensitivity analysis is stressed.
- Economics and Cost Analysis
- Operations Research