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Ary 2008 Telma Suchi, Farya Karim, Jerry Marcus, Sujata Naik 2008. Institute for Reproductive Health, Georgetown University Recommended Citation: The Cost Effectiveness of Standard Days Method Refresher Trainings using the Knowledge Improvement Tool in Guatemala. February 2008. Washington, D.C.: Institute for Reproductive Health, Georgetown University for the U.S. Agency for International Development (USAID). The Institute for Reproductive Health with Georgetown University in Washington,.
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PROREDES FAQ
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Even when costs are high, a business can still be cost effective. When it comes to SaaS businesses, a prime example of being cost effective is to outsource many of their non-core activities by way of reducing costs.
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Cost-effectiveness models inform economic decisions by computing a ratio of benefit, value or output to cost incurred to achieve such output.
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Cost-effectiveness analysis (CEA) is an economic tool used to compare alternative interventions to determine which intervention can achieve a desired result at the lowest cost.
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To calculate the cost-effectiveness for each activity divide the total costs by the outcome. In this example that means dividing the total cost of one-on-one outreach or SMS messages by the total number of extra pregnant women who attended antenatal care.
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An example of the cost benefit principle can be seen when an individual is deciding whether to purchase a video game. If the cost of the game is $100 and there is another store which is selling it for $80, the individual should only buy the game if the cost of travelling to the other store is less than $20.
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Cost-effectiveness analysis helps identify ways to redirect resources to achieve more. It demonstrates not only the utility of allocating resources from ineffective to effective interventions, but also the utility of allocating resources from less to more cost-effective interventions.
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Cost-effectiveness analysis is a way to examine both the costs and health outcomes of one or more interventions. It compares an intervention to another intervention (or the status quo) by estimating how much it costs to gain a unit of a health outcome, like a life year gained or a death prevented.
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The concept of cost efficiency revolves around saving money or resources to improve the quality of a process, product, or service of the organization. Companies usually measure cost efficiency by comparing it with the output achieved or the revenue earned due to the costs incurred by the company.
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