"Aligning opportunity cost and net benefit criteria: the health shadow " by Simon Eckermann
Given constrained healthcare budgets and many competing demands, public health decision-making requires comparing the expected cost and health outcomes of alternative strategies and associated adoption and financing actions. Opportunity cost (comparing outcomes from the best alternative use of budgets or actions in decision making) and more recently net benefit criteria (relative valuing of effects at a threshold value less costs) have been key concepts and metrics applied toward making such dec...
Allocative Efficiency Udget Constrained Optimization Isplacement Efficiency Ealth Shadow Price Net Benefit Opportunity Cost
Source: uow.edu.au