Skip to main content
. Author manuscript; available in PMC: 2014 Mar 19.
Published in final edited form as: Annu Rev Public Health. 2012 Jan 3;33:279–305. doi: 10.1146/annurev-publhealth-031811-124553

Table 2.

Types of economic evaluations. Adapted from Drummond et al. (27)

1. Cost minimization analysis: searches for the least costly alternative producing same health benefits
2. Cost effectiveness analysis: compares per unit effect with per unit cost on an incremental basis
3. Cost benefit analysis: measures both the costs and consequences of alternatives in monetary units
4. Cost utility analysis: type of cost-effectiveness analysis that employs utilities (e.g., quality-adjusted life years) to evaluate a program