COST-EFFECTIVENESS ANALYSIS

a gauge of program adequacy or economic adequacy displayed with regard to the cost of attaining a unit of program result. The evaluation is most proper whenever programs have one primary identifiable analysis result, whenever future prices aren't confounded with alterations in the results, or whenever the results aren't innately depreciable to financial payoffs.

COST-EFFECTIVENESS ANALYSIS: "The cost-effectiveness analysis proved that the company was right on track with their profit margins."
Cite this page: N., Pam M.S., "COST-EFFECTIVENESS ANALYSIS," in PsychologyDictionary.org, April 7, 2013, https://psychologydictionary.org/cost-effectiveness-analysis/ (accessed December 6, 2019).
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