Economic evaluation

Economic evaluation is the process of systematic identification, measurement and valuation of the inputs and outcomes of two alternative activities, and the subsequent comparative analysis of these.[1] The purpose of economic evaluation is to identify the best course of action, based on the evidence available. It is most commonly employed in the context of health economics and health technology assessment; in the UK, the National Institute for Health and Care Excellence publishes guidelines for the conduct of economic evaluations.[2]

Types

Economic evaluations can take a number of forms, namely:

gollark: There actually are worries about development of this stuff slowing down.
gollark: <@!336962240848855040> As far as I know 3nm does not actually exist yet, and there are a bunch of possible sizes you could use.
gollark: > The 22 nm node may be the first time where the gate length is not necessarily smaller than the technology node designation. For example, a 25 nm gate length would be typical for the 22 nm node.
gollark: As far as I know it *used* to actually be a measure of something, but they hit issues around... 22nm or something, don't really know... and despite said measure not changing very much the processes kept getting better, so they just reduced them.
gollark: I mean, generally if the number goes down the density of the transistors goes up, but it's not an actual measurement of anything.

References
  1. Drummond, Michael; Sculpher, Mark; Torrance, George; O'Brien, Bernie; Stoddart, Greg (2005). Methods for the Economic Evaluation of Health Care Programmes (3 ed.). New York: Oxford University Press. ISBN 9780198529453.
  2. National Institute for Health and Care Excellence (2013). Guide to the methods of technology appraisal 2013.
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