Cost-effectiveness analysis (CEA) is a form of economic evaluation concerned with efficiency: that is, with achieving the most for the resources (“value for money”). This chapter explains the appeal and relevance of CEA and describes its use in localized and strategic decision-making. Localized decision-making (marginal CEA using thresholds) poses the risk of “baking in” past allocation errors, while strategic decision-making (generalized CEA) can be impractical due to the large amount of information required, among other considerations. The authors provide an example of using CEA to evaluate a program for tuberculosis treatment and close with some recommendations for using CEA in strategic planning, which is a hybrid approach linking the localized and strategic approaches to CEA and remedying thereby some of the defects of each.
Oxford Scholarship Online requires a subscription or purchase to access the full text of books within the service. Public users can however freely search the site and view the abstracts and keywords for each book and chapter.
If you think you should have access to this title, please contact your librarian.