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Cost Efectiveness or Cost Effetiveness analysis (CEA) is a form of economic analysis that associates the relative costs and outcomes of two or more courses of action. Cost-effectiveness analysis is different from cost-benefit analysis, which allots a financial value to the measure of effect. Cost-effectiveness analysis is repeatedly used in the field of health services, where it may be inappropriate to monetize health effect. Typically the CEA is expressed in terms of a ratio where the denominator is a gain in health from a measure and the numerator is the cost associated with the health gain. The most commonly used outcome measure is quality-adjusted life years. Cost-utility analysis is similar to cost-effectiveness analysis. The concept of cost effectiveness is applied to the planning and management of many types of organized activity. It is widely used in many parts of life. In the achievement 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. If a tank's performance in these areas is equal or even slightly substandard to its competitor, but substantially less expensive and easier to produce, military planners may select it as more cost effective than the challenger. Conversely, if the difference in price is near zero, but the more costly competitor would convey an enormous battleground 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.
OMICS Group through its Open Access Initiative is committed to make genuine and reliable contributions to the scientific community. OMICS Group hosts over 350 leading-edge peer reviewed Open Access journals and has organized over 100 scientific conferences all over the world. OMICS Publishing Group journals have over 3 million readers and the fame and success of the same can be attributed to the strong editorial board which contains over 30000 eminent personalities and the rapid, quality and quick review processing. OMICS Group Conferences make the perfect platform for global networking as it brings together renowned speakers and scientists across the globe to a most exciting and memorable scientific conference filled with much enlightening interactive sessions, world class exhibitions and poster presentations. OMICS Publishing Group announces the 3rd International Conference and Exhibition on Bio waivers & Bio similar, with a view to discuss the current challenges and opportunities in order to provide cost effective and affordable solutions. Biosimilars-2014 is the best platform for Pharmacy, CMOs, CROs, research institutes, investors and industry stakeholders to discuss current industry trends and to establish business partnerships and it is taking place in collaboration with the Doctor of Pharmacy Association (DPA) and Patent Agent Association (PAAI).
CONFERENCES:
• 3rd International Conference and Exhibition on Bio waivers and Bio similar by OMICS
• Cost-Effectiveness Analysis – Evidence, Economics, and Politic
• Workshop on Cost Benefit and Cost Effectiveness Analysis in the field of Education Policy
• Federal judges defend Maui conference as cost-effective
• Third International Viviane Conference
• Nuremberg: How should cost Effectiveness Ratio negative Pressure Wound
Therapy be evaluated?
• Cost-Effectiveness of Proton Therapy Compared to Photon Therapy in the Management of Pediatric Modulo blastoma
• Introduction to Cost-Effectiveness Analysis in Health
• Cost-effectiveness Analysis of Health and Human Services Program
• A Study of Cost Effectiveness in Dutch CPGs and Developments of Cost Effectiveness in Guidelines
SYMPOSIUM AND WORKSHOPS:
• Workshop on Cost Benefit and Cost Effectiveness Analysis in the field of Education Policy
• National Center for Environmental Economics Symposium on Cost-Effectiveness Analysis for Multiple Benefits
• Economic Research South Africa (ERSA) Symposium and training workshop on critical choices around universal health coverage.
• NIST Exhibits at the 2014 NCSL International Workshop and Symposium
• ISPOR 19th Annual International Meeting
ASSOCIATIONS AND SOCIETIES:
 American association for homecare
 John Harword association of Illinois
 Benefit-Cost Analysis Center
COMPANIES:
 IBM Improving the efficiency accuracy and cost effectiveness of core business activities
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This page was last updated on November 2, 2024
