Economic efficiency

Whether the surveillance system produces the desired effect without wasting resources. Three levels of economic efficiency can be defined: - Optimisation: maximising the net benefit to society achieved by the allocation of scarce resources to animal health surveillance and intervention to avoid losses resulting from animal diseases - Acceptability: ensuring that the benefits generated by a mitigation policy at least cover its costs, this is commonly assessed using cost-benefit analysis - Cost-minimisation: ensuring that a technical target for disease mitigation (e.g. time to detection) is achieved at minimum cost without quantifying the benefit in monetary terms, this can be assessed using cost- effectiveness or least-cost analysis

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References
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Authors RISKSUR consortium
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PublicationTitle RISKSUR: Glossary
PublicationType Web Page
PublicationYear Accessed on 23.09.2019
Publisher RISKSUR
Website https://www.fp7-risksur.eu/terminology/glossary
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Glossary Term Classification
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Category Epidemiology
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Provided by: EJP NOVA project
system:type GlossaryTerm
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Author taras_guenther
Last Updated 28 April 2020, 01:35 (CEST)
Created 25 November 2019, 14:28 (CET)