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Using cost effectiveness analysis; a beginners guide

Hulme, C. (2006) Using cost effectiveness analysis; a beginners guide. Evidence Based Library and Information Practice, 1 (4). pp. 17-29. ISSN 1715-720X

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Abstract

Objective ‐ This report seeks to describe the key elements of cost effectiveness analysis (CEA) and to demonstrate how such analysis may be used in the library environment.

Methods ‐ The paper uses a step‐by‐step approach to walk the non‐economist reader through the basics of conducting a cost effectiveness study. It provides an outline of the key elements of CEA using examples from the library sector, and it presents a case study of a CEA in a hospital library. The case study compares two library services, mediated searching and information skills training, to illustrate the application of CEA and to highlight some of its limitations.

Results ‐ CEA is a comparative analysis tool. Its key elements include a study question regarding a particular process or procedure that identifies both costs and effectiveness; a justification of the study’s perspective; evidence of effectiveness; comprehensive identification of all relevant costs, and appropriate measurement of costs and effectiveness.

Conclusions ‐ CEA enables comparison of services or interventions regarding particular processes or procedures in terms of their costs, and it measures their effectiveness. The results can be used to aid decision‐making about service provision.

Item Type: Article
Copyright, Publisher and Additional Information: © 2006 Hulme. This is an Open Access article distributed under the terms of the Creative Commons Attribution License (http://creativecommons.org/licenses/by/2.0), which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
Keywords: Cost effectiveness analysis
Institution: The University of Leeds
Academic Units: The University of Leeds > Faculty of Medicine and Health (Leeds) > Institute of Health Sciences (Leeds) > Academic Unit of Health Economics (Leeds)
Depositing User: Mrs JM Wright
Date Deposited: 13 Dec 2007 13:08
Last Modified: 06 Jun 2014 07:16
Published Version: http://ejournals.library.ualberta.ca/index.php/EBL...
Status: Published
Publisher: University of Alberta
Refereed: Yes
URI: http://eprints.whiterose.ac.uk/id/eprint/3529

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