In: Accounting
How to analyze the cost-effectiveness in general of the article by Ekwaru. J.P., Ohinmas, A., Tran, B.X., Setayeshgar, S., Johnson, J.A., & Veugeiers, P.J. (2017). Cost-effectiveness of a school based health promotion program in Canada: A life-course modeling approach.
Cost effectiveness is a form of economic analysis that compares the relative costs and outcomes (effects) of different courses of action.
Cost-effectiveness analysis (CEA) is distinct from cost–benefit analysis, which assigns a monetary value to the measure of effect. Cost-effectiveness analysis is often used in the field of health services, where it may be inappropriate to monetize health effect.
Typically the CEA is expressed in terms of a ratio where the denominator is a gain in health from a measure (years of life, premature births averted, sight-years gained) and the numerator is the cost associated with the health gain.
This concept of cost effectveness is used almost in every sector.
School based health promotion program makes children even more aware about health hygiene.Cost benefit for this school children get more knowledge which more valuable than money.
article by Ekwaru. J.P., Ohinmas, A., Tran, B.X., Setayeshgar, S., Johnson, J.A., & Veugeiers, P.J. (2017), IS NOT AVAILABLE IN QUESTION OR ANYWHERE TO ANALYSE THE CASE . SO PROVIDED COST BENEFIT ANALYSIS IN A GENERAL MANNER