| cost-effective | A term describing a resource that is available within the time it is needed and is able to meet or reduce electrical power demand at an estimated incremental system cost no greater than that of the least-costly, similarly reliable and available alternative. (05 Dec 1998) |
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| cost-effectiveness |
Cost-effectivenessIn economics, comparison of the relative expenditure (costs) and outcomes (effects) associated with two or more courses of action. Cost-effectiveness is typically expressed as an incremental cost-effectiveness ratio (ICER) the ratio of change in costs : change in effects. In health economics a figure of US$50000 per quality-adjusted life year (QALY) is often suggested as the upper limit of an acceptable ICER. ...
Ãâó: en.wikipedia.org/wiki/Cost-effectiveness
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| cost-effectiveness |
Economical in terms of tangible benefits produced by money spent
Ãâó: glenlivet.mph.ed.ac.uk/endo/private/glossary.htm
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| cost-effectiveness |
A criterion for comparing alternatives when benefits or outputs cannot be valued in dollars. This relates costs of programs to performance by measuring outcomes in nonmonetary form. It is useful in comparing methods of attaining an explicit objective on the basis of least cost or greatest effectiveness for a given level of cost. ...
Ãâó: www.ojp.usdoj.gov/BJA/evaluation/glossary/glossary...
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| cost-effectiveness |
For APCD rulemaking purposes, this is defined as the control method costs (dollars) divided by the emission reductions (tons) expected from the control method.
Ãâó: www.sbcapcd.org/glossary.htm
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| cost-effectiveness |
A systematic quantitative method for comparing the costs of alternative means to achieve the same benefits of a given objective. The benefits in the context of hazard mitigation are avoiding future damages and losses. Cost-effectiveness is generally determined by performing a cost-benefit analysis.
Ãâó: www.firegrantsupport.com/high/prev/glossary.aspx
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| cost-effective | productive relative to the cost |
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