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. 2012 Autumn;20(3):187–193. doi: 10.1177/229255031202000319

TABLE 1.

Types of economic evaluation

Cost analysis A straight comparison of the costs of two or more procedures
Cost-benefit analysis A comparison of costs and benefits of two procedures, whereby both the costs and benefits are expressed in dollars
Cost-effectiveness analysis A comparison of the costs and outcome(s) of two or more procedures, providing a value of dollars per natural unit (ie, dollars per successful reconstruction, dollars per life saved, etc)
Cost-utility analysis A comparison of the costs and utility of two or more procedures, providing a value of dollars per quality-adjusted life year gained