Cost/Effectiveness Analysis: Its Tasks and Their Interrelation

Abstract

Studies of the cost/effectiveness of specific systems and mathematical techniques used in such investigations have frequently been presented at ORSA meetings and published in Operations Research . A few other papers have described the general theory of cost/effectiveness or a special approach to one or more of the major tasks involved in its application. This paper discusses the nature of these tasks and how they are interrelated, using as an example the design of a communication system in a nuclear environment.