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Related Experiment Videos

[What is cost benefit analysis?].

K M Pedersen1, A Alban, B Danneskiold-Samsøe

  • 1Dansk Sygehus Institut, København.

Ugeskrift for Laeger
|January 1, 1990
PubMed
Summary
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This study reviews cost-benefit analysis (CBA) principles and practical application, using a vaccination program as an example. It stresses understanding socio-economic factors and time-varying costs/benefits for effective decision-making.

Area of Science:

  • Health Economics
  • Public Health Policy

Context:

  • Systematic review of practical and theoretical foundations of cost-benefit analysis (CBA).
  • Highlights the importance of pre-analysis socio-economic considerations.
  • Examines a Danish case study on vaccination for mumps, measles, and German measles.

Purpose:

  • To provide a systematic review of cost-benefit analysis (CBA) principles and practical implementation.
  • To emphasize the critical need for thorough socio-economic assessments before initiating an analysis.
  • To illustrate the application of CBA through a real-world public health example.

Summary:

  • Cost-benefit analysis (CBA) requires careful consideration of socio-economic factors and timing of costs and benefits.
  • Recommends complementary cash and budget analyses to identify stakeholders and financial flows.

Related Experiment Videos

  • Advocates for the inclusion of diverse alternatives and detailed temporal distribution of costs and benefits.

    • Impact:

    • Informs decision-making processes by providing a structured framework for evaluating public health interventions.
    • Enhances the rigor of economic evaluations by emphasizing stakeholder identification and financial flow analysis.
    • Contributes to more effective resource allocation in public health by detailing the complexities of cost-benefit analysis (CBA).