ACCTG 1 Lecture Notes - Lecture 12: Net Present Value, Certified Emission Reduction, Allocative Efficiency
Document Summary
Cost-benefit analysis: an economic evaluation technique in which outcomes are expressed in monetary terms. Cost-effectiveness analysis: an economic evaluation technique in which outcomes are expressed in health units such as life years saved. Cost-utility analysis: an economic evaluation technique where outcomes are expressed in health units that capture not just the quantity but quality of life. Economic evaluation: compares the costs and consequences of alternative health care interventions to assess their value for money. Sensitivity analysis: the process of assessing the robustness of the findings of an economic evaluation by varying the assumptions used in the analysis. A key priority of many societies around the world is the alleviation of health problems: Or a risk factor for one of these. The impact of such health problems can be manifested in different ways: Each manifestation can be seen at the level of the individual, the family and household, the local community, and the rest of society.
