cost minimization


Also found in: Financial.

cost minimization

The selection or employment of the least expensive of several health care options.
References in periodicals archive ?
The following theorem demonstrates that welfare maximization is equivalent to cost minimization.
Therefore, there are great opportunities for cost minimization by using evidence-based clinically effective and safe medicines.
Evidentiary rules fit into this second-personal framework only when they promote case specificity, cost minimization, or equal best.
Our results for Canadian industries favor more the K(LE) nesting structure, in terms of respecting theoretical restrictions imposed by cost minimization.
harsher crime policy and ensuring cost minimization at the expense of
There are several types of pharmacoeconomic analyses: cost minimization, cost benefit, cost effectiveness and cost utility analysis.
In turn, cost minimization means a monthly P&L characterized by a smaller cost of goods sold line and a larger bottom line.
An electronic search of English language articles was conducted in numerous data base using a combination of keywords: health economics, evaluation, cancer intervention, cost analysis, cost effectiveness, cost minimization, cost benefit.
There are seven sources of competitive advantage: (1) strategic creativity, having creative trading ideas, (2) quantitative improvement, do it better and more efficiently than your benchmark, (3) data cleaning and optimization, get a better look, (4) order execution, (5) transaction cost minimization, (6) Rapid Model Development (RMD), and (7) strategy portfolio management, each strategy is treated as a product production cycle.
All of these result in cost minimization and improved ROI.
In the analyzed firm, a manufacturing programme is elaborated based on customers' requirements and to ensure cost minimization is a demanding problem.
This burden of disease and cost minimization study was carried out as an adjunct to the Purse Value study, an observational prospective cohort study for the validation of a newly developed pressure ulcer prediction rule.