cost-benefit analysis(redirected from Economic calcuation)
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cost-benefit analysis (CBA)
a type of economic evaluation of medical care expense. It compares the expected monetary benefit derived from different health interventions with the expected cost of providing each of the interventions to determine the best or most profitable option.
cost-benefit analysisCost-benefit evaluation Clinical trials A form of economic analysis from a social perspective, in which the costs of medical care are compared with the economic benefits of the care provided, with both the costs and benefits being expressed in monetary units; the benefits evaluated include projected ↓ in future health care costs and ↑ earning as a result of the intervention of interest. Cf Cost-effectiveness analysis.
n the comparative study of the service or production costs of a service or item and its value to the subject.