1) " Icer" -- As it applies to Icer Cost-effectiveness In economics, comparison of the relative expenditure(costs) and outcomes (effects) associated with two or more courses of action. Cost-effectiveness is typically expressed as an incremental cost-effectivenessratio ( Ier ) the ratio of change in costs : change in effects. In health economics a figure of US$50000 per quality-adjustedlife year ( QALY ) is often suggested as theupper limit of an acceptable Icee . There is lively discussion amongst Health Economists as to the meaning and usefulness of sucha figure. Icef ...
Common terms in this field are:
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