cost effectiveness analysis methods and applications pdf

Cost effectiveness analysis methods and applications pdf

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Cost-effectiveness analysis

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International Handbook of Educational Evaluation pp Cite as. Cost-effectiveness analysis refers to evaluations that consider both the costs and consequences of alternatives. It is a decision-oriented tool that is designed to ascertain the most efficient means of attaining particular educational goals.

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Furthermore, the pedagogical and other improvements in the text are more than marginal; they are major, and make the purchase of this second edition well 'worth it' even if you have the first.

Levin and McEwan have produced an excellent resource for teaching, a valuable handbook for practitioners, and a solid guide to research. The content of this book should admirably serve that purpose and should be required reading in all programs that prepare professional evaluators both inside and outside the field of education. The purpose of the book is to familiarize the reader with the uses, concepts, and applications of cost-analysis approaches to educational evaluations.

Careful attention is given to outlining the development and use of cost-feasibility, cost-effectiveness, cost-benefit, and cost-utility as complimentary techniques for assisting educational decisions. Human services professional managing systems are confronted with the problems of being increasingly more efficient. This text will help you teach those students entering the field about how to conduct analytical studies of their management practices. I award the authors many accolades for an excellent treatment of a very complex topic which is now translated into useable materials for management.

But does that mean that reducing class size is a cost-effective policy change? This book by Levin and McEwan provides the analytical tools and concepts for educational policy makers to address that and many other policy questions. It defines and distinguishes various concepts of cost analysis, including cost-effectiveness, cost-benefit and cost-utility analysis, and makes a compelling case for their usefulness to policy makers.

The book offers an essential analytical foundation for all policy makers in education interested in spending money wisely and productively. Why should applied researchers be concerned with cost-effectiveness analysis? Answer: Because it will enable them to discover if a particular program or policy has attained maximum effectiveness for a given budget.

Designed so that an individual can utilize this book as part of an informal course of self-study or in a formal course on the subject, Levin and McEwan provide readers with the step-by-step methods to plan and implement a cost-analysis study.

Through the use of numerous examples drawn from the applied literature, the authors explain, demonstrate and illustrate the four major techniques of cost analysis: cost-effectiveness, cost-benefit, cost-utility, and cost-feasibility. They examine issues that are pertinent to the choice of analysis and its implementation; the nature of costs, including how to identify, measure, and distribute costs; measuring effectiveness, utility, and benefits; and, lastly the challenges to incorporating cost evaluations in the decision making process.

In-depth exercises are included at the end of each chapter to enable readers to sharpen their ability to evaluate policy options and program effectiveness. The feedback to these exercises are provided in an Appendix at the end of the book. The authors also provide readers with recommended readings at the end of chapters and a comprehensive bibliography of methodological sources on cost analysis and educational cost studies at the end of the book.

This book will enable readers to reduce the costs of reaching particular objectives, and expand what can be accomplished for any particular budget or resource constraint.

Should you need additional information or have questions regarding the HEOA information provided for this title, including what is new to this edition, please email sageheoa sagepub. Please include your name, contact information, and the name of the title for which you would like more information. For assistance with your order: Please email us at textsales sagepub.

Skip to main content. Download flyer. Description Contents Reviews Preview ". Lewis, Educational Policy, University of Minnesota "Those of you teaching cost analysis and management of human services systems should look carefully at this text.

Ebeling, Political Science, California State University, Chico "Research shows that smaller class sizes generate benefits in the form of higher achievement. Darrell R. Educational Policy, University of Minnesota. Jon S. Helen F. David Plank. Comparative Education Review. Select a Purchasing Option Paperback.

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Cost-effectiveness analysis

Cost-effectiveness analysis CEA is a form of economic analysis that compares the relative costs and outcomes effects of different courses of action. Cost-effectiveness analysis is distinct from cost—benefit analysis , which assigns a monetary value to the measure of 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. Cost—utility analysis is similar to cost-effectiveness analysis. Cost-effectiveness analyses are often visualized on a plane consisting of four quadrants , the cost represented on one axis and the effectiveness on the other axis. The concept of cost-effectiveness is applied to the planning and management of many types of organized activity.

This chapter presents guidance notes on approaches and methods for evaluators working in international development. First, we describe several prevalent methodological approaches, followed by guidance notes on specific methods and tools. The latter are further divided according to their primary function for either data collection or data analysis. Each guidance note briefly describes the approach and its methodological variations, main procedural steps, key advantages and disadvantages, and applicability. Finally, each guidance note includes references for relevant background readings for example, journal articles, book chapters, method guides , illustrative case examples, and, when relevant, other useful resources for example, links to useful online tools or software. Efficiency analysis commonly refers to economic approaches that compare the relative costs and benefits outcomes of the program being evaluated.

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Furthermore, the pedagogical and other improvements in the text are more than marginal; they are major, and make the purchase of this second edition well 'worth it' even if you have the first. Levin and McEwan have produced an excellent resource for teaching, a valuable handbook for practitioners, and a solid guide to research. The content of this book should admirably serve that purpose and should be required reading in all programs that prepare professional evaluators both inside and outside the field of education.

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3 comments

  • Lizbeth 22.04.2021 at 03:59

    Request PDF | On Jan 1, , Henry M. Levin and others published Cost-​effectiveness analysis: Methods and applications | Find, read and cite all the research.

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  • Zerbino B. 22.04.2021 at 17:54

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  • Finley N. 23.04.2021 at 22:54

    Cost-effectiveness analysis: Methods and applications methods to conduct cost analyses of education and health interventions (Gold et al. drugs or textbooks).

    Reply

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