AI Article Synopsis

Article Abstract

Global deterioration of marine ecosystems, together with increasing pressure to use them, has created a demand for new, more efficient and cost-efficient monitoring tools that enable assessing changes in the status of marine ecosystems. However, demonstrating the cost-efficiency of a monitoring method is not straightforward as there are no generally applicable guidelines. Our study provides a systematic literature mapping of methods and criteria that have been proposed or used since the year 2000 to evaluate the cost-efficiency of marine monitoring methods. We aimed to investigate these methods but discovered that examples of actual cost-efficiency assessments in literature were rare, contradicting the prevalent use of the term "cost-efficiency." We identified five different ways to compare the cost-efficiency of a marine monitoring method: (1) the cost-benefit ratio, (2) comparative studies based on an experiment, (3) comparative studies based on a literature review, (4) comparisons with other methods based on literature, and (5) subjective comparisons with other methods based on experience or intuition. Because of the observed high frequency of insufficient cost-benefit assessments, we strongly advise that more attention is paid to the coverage of both cost and efficiency parameters when evaluating the actual cost-efficiency of novel methods. Our results emphasize the need to improve the reliability and comparability of cost-efficiency assessments. We provide guidelines for future initiatives to develop a cost-efficiency assessment framework and suggestions for more unified cost-efficiency criteria.

Download full-text PDF

Source
http://www.ncbi.nlm.nih.gov/pmc/articles/PMC8187199PMC
http://dx.doi.org/10.1007/s10661-021-09159-yDOI Listing

Publication Analysis

Top Keywords

cost-efficiency assessments
12
marine monitoring
12
cost-efficiency
10
monitoring methods
8
marine ecosystems
8
monitoring method
8
cost-efficiency marine
8
actual cost-efficiency
8
comparative studies
8
studies based
8

Similar Publications

Background: Increasing healthcare costs, particularly in Low- and Middle-Income Countries (LMICs) like Egypt, highlight the need for rational economic strategies. Clinical pharmacy interventions offer potential benefits by reducing drug therapy problems and associated costs, thereby supporting healthcare system sustainability.

Objective: This study evaluates the economic impact and clinical benefits of clinical pharmacy interventions in four tertiary hospitals in Egypt by implementing an innovative tool for medication management, focusing on cost avoidance and return on investment (ROI), while accounting for case severity and drug therapy problem (DTP) resolution.

View Article and Find Full Text PDF

Objectives: To adapt and apply a model for evaluating the functional benefits and cost efficiency of specialist inpatient rehabilitation to the Australian context, comparing functional outcomes and savings in the cost of ongoing care after acquired brain injury.

Design: An observational cohort analysis of prospectively collected clinical data from admission to discharge, with follow-up to 3 years.

Setting: A newly established state-wide inpatient postacute rehabilitation unit in Victoria, Australia for patients with moderate to severe acquired brain injury.

View Article and Find Full Text PDF

Cost efficiency of commercial banks in Ethiopia: Does financial technology matter?

PLoS One

January 2025

Department of Public Financial Management and Accounting, Ethiopian Civil Service University, Addis Ababa, Ethiopia.

This study aims to assess the effects of financial technology on the cost efficiency of commercial banks in Ethiopia. Secondary panel data were collected from the audited annual reports of seventeen commercial banks for twelve fiscal years between 2011 and 2022. The cost efficiency of banks was investigated via a stochastic frontier approach.

View Article and Find Full Text PDF

Chronic kidney disease (CKD) poses a significant and growing global health challenge, making early detection and slowing disease progression essential for improving patient outcomes. Traditional diagnostic methods such as glomerular filtration rate and proteinuria are insufficient to capture the complexity of CKD. In contrast, omics technologies have shed light on the molecular mechanisms of CKD, helping to identify biomarkers for disease assessment and management.

View Article and Find Full Text PDF

This manuscript focuses on optimizing a Hybrid Renewable Energy System (HRES) that integrates photovoltaic (PV) panels, wind turbines (WT), and various energy storage systems (ESS), including batteries, supercapacitors (SCs), and hydrogen storage. The system uses a multi-objective optimization strategy to balance power management, aiming to minimize costs and reduce the likelihood of loss of power supply probability (LPSP). Seven different algorithms are assessed to identify the most efficient one for achieving these objectives, with the goal of selecting the algorithm that best balances cost efficiency and system performance.

View Article and Find Full Text PDF

Want AI Summaries of new PubMed Abstracts delivered to your In-box?

Enter search terms and have AI summaries delivered each week - change queries or unsubscribe any time!