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what-is-economic-evaluation [2018/08/01 11:33] thorsten |
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| - | Economic analysis of surveillance systems/components should be required **as an aid to decision-making in surveillance to inform the allocation of scarce resources**. I\\ t shows the consequences of alternatives and helps to identify which of these is to be preferred from an economic point of view.\\ Economics is a discipline focused on the efficiency criteria for making choices between alternative uses of limited resources. It provides robust criteria to assess how decisions about the allocation of resources i**mpact on the well-being of different groups of people in society and for society as a whole**.\\ A unifying underlying principle of economic analyses is to provide a measure of the relative value attached to **competing alternative strategies** and thereby **facilitate decisions about the allocation of resources**.\\ \\ [[/Economic-evaluation-methods|Link to the description of the methods commonly used for the economic evaluation of surveillance.]] | + | Economic analysis of surveillance systems/components should be required **as an aid to decision-making in surveillance to inform the allocation of scarce resources**. I\\ t shows the consequences of alternatives and helps to identify which of these is to be preferred from an economic point of view.\\ Economics is a discipline focused on the efficiency criteria for making choices between alternative uses of limited resources. It provides robust criteria to assess how decisions about the allocation of resources **impact on the well-being of different groups of people in society and for society as a whole**.\\ A unifying underlying principle of economic analyses is to provide a measure of the relative value attached to **competing alternative strategies** and thereby **facilitate decisions about the allocation of resources**.\\ \\ [[/Economic-evaluation-methods|Link to the description of the methods commonly used for the economic evaluation of surveillance.]] |