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Cost-effectiveness analysis (CEA) is a form of economic analysis that compares the relative costs and outcomes (effects) of two or more courses of action. Cost-effectiveness analysis is distinct from cost-benefit analysis, which assigns a monetary value to the measure of effect. Cost-effectiveness analysis is often 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 (years of life, premature births averted, sight-years gained) and the numerator is the cost associated with the health gain. The most commonly used outcome measure is quality-adjusted life years (QALY). Cost-utility analysis is similar to cost-effectiveness analysis. Cost-effectiveness analyses are often visualized on a cost-effectiveness plane consisting of four-quadrants. Outcomes plotted in Quadrant I are more effective and more expensive, those in Quadrant II are more effective and less expensive, those in Quadrant III are less effective and less expensive, and those in Quadrant IV are less effective and more expensive.
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What methods could you use to establish effective agreement with suppliers?
A written contract is the usual method
How do you calculate cost of funds?
Effective cost of funding=[(1+foreign interest rate)(1+forward premium)]-1
The cost method that can be used most easily with the break-even analysis and other cost volume-profit techniques is?
process costing
Is the high-low method less accurate than the least-squares regression method for analyzing the behavior of mixed cost?
The fact that the high-low method uses only two data points is a major defect of the method.
What is the GAAP method for determining what inventory is obsolete or slow moving?
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Why do buses use diesel engines?
It has to do with getting the required power in the most cost effective method.It has to do with getting the required power in the most cost effective method.
When should electronic commerce be used as a method of solicitation?
Whenever cost-effective and practicable
What is an effective method for evaluating a cost center?
Cost centers generate expenses only. A comparison of the actual expenses with the flexible budget amounts allowed at that level is the most effective.
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Regional prices can vary, but scraping and waterblasting are typically the most cost-effective means of removal.
Is heating oil a cost effective method for home heating?
Yes, heating your home with oil is a cost effective method. It does have its cons. You can weigh the pros and cons by clicking on the following link: http://www.servicemagic.com/article.show.Information-about-Home-Heating-Oil.15536.html
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distribution
What is the best cost-effective and legitimate method to promote your website wwwsoLinkycom?
Facebook or myspace...social nteworking sites.
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Best method is standard framing with post and beam supports.
What is the purpose of ATMs?
To reduce labor costs for the bank and increase availability of banking service in a safe and cost effective method.
What is the most effective method of contraception is?
i think the most effective method is a condom and the pill No it is Abstinence
What is the more effective method of fertility treatment?
Typically medication is the most effective method. Your doctor can help determine what method will work for you.
Advantages and disadvantages the retail inventory method?
It is cost effective and simple for companies to implement since it reduces the number of physical inventory counts. It is also accepted as a method of determining cost of goods sold for income tax purposes by the IRS.
