Cost-effectiveness analysis
The SuDS Manual published by CIRIA in 2015 defines cost-effectiveness analysis (CEA) as: ‘A form of economic analysis that compares the relative cost to benefit, sometimes described as the change in outcome for a unit of investment.’ Where the term ‘cost-effective’ refers to: ‘Something that is value for money. In economic terms, the benefits received and/or services delivered are worth at least what is paid for them.’
Glossary of Capital Budgeting and Infrastructure Governance, published by the Organisation for Economic Co-operation and Development (OECD) in 2018, defines cost-effectiveness analysis as: ‘…a form of economic analysis that compares the relative costs and outcomes (effects) of two or more courses of action. Cost-effectiveness analysis is often used in the field of health services, where it may be inappropriate to monetize health effect. Common measures include “quality-adjusted life years”.'
[edit] Related articles on Designing Buildings
Featured articles and news
This weeks guest editor, Ankita Dwivedi of Firstplanit.
Fropm practice to research and the business of materials.
Terms, histories, theories and practices.
Types of work to existing buildings - repurposing of buildings
Alteration and everything else before demolition.
2023 HSE data on workplace injuries and ill health
And CIOB's response.
Building Safety Act and Secondary Legislation
Presidential update from CIAT's Eddie Weir PCIAT.
Starting pistol Statement for an election campaign?
Rates freeze, NI cuts, full expensing; early election?
Positive pressure or positive input ventilation
Could this be a remedy for condensation, damp or mould?
Unlocking a Healthier Tomorrow
Report on Social housing retrofit in Scotland 2023
Call for ministerial group and National Retrofit Delivery Plan.
The Great Transformation 1860–1920. Book review.
2023 Autumn Statement in brief with reactions
Including the devolved governments, CIOB, ECA, APM and IHBC.
Irish Life Sciences HQ, an exemplar of adaptive reuse
AT awards small to medium size project category winner.
Formal and informal adaptive re-use or new use of buildings.
Broken Record. Emissions Gap Report 2023
Temperatures hit new highs, yet world fails to cut emissions (again).