Executive summary: This post provides a simplified framework for non-experts to conduct cost-benefit analyses of policies and interventions using life-years as the benefit metric.
Key points:
Estimate time costs for all personnel involved in implementing and maintaining the policy.
Convert expected health benefits into life-years gained using disability-adjusted life year (DALY) scores.
Compare annualized time costs (in FTEs) to annual life-years gained.
If FTE cost is less than life-year benefit, the policy is cost-effective. If FTE cost is more than 5 times life-year benefit, the policy likely fails cost-benefit test.
Consider uncertainties in estimates. If only average estimates available, use proposed heuristic.
Can convert monetary and social benefits to life-year equivalents. Add appropriate caveats if speculative.
This comment was auto-generated by the EA Forum Team. Feel free to point out issues with this summary by replying to the comment, andcontact us if you have feedback.
Executive summary: This post provides a simplified framework for non-experts to conduct cost-benefit analyses of policies and interventions using life-years as the benefit metric.
Key points:
Estimate time costs for all personnel involved in implementing and maintaining the policy.
Convert expected health benefits into life-years gained using disability-adjusted life year (DALY) scores.
Compare annualized time costs (in FTEs) to annual life-years gained.
If FTE cost is less than life-year benefit, the policy is cost-effective. If FTE cost is more than 5 times life-year benefit, the policy likely fails cost-benefit test.
Consider uncertainties in estimates. If only average estimates available, use proposed heuristic.
Can convert monetary and social benefits to life-year equivalents. Add appropriate caveats if speculative.
This comment was auto-generated by the EA Forum Team. Feel free to point out issues with this summary by replying to the comment, and contact us if you have feedback.