Dictionary
The Dictionary provides concise definitions of health economics terms, arranged alphabetically for quick reference. Use it to understand unfamiliar terminology or confirm the meaning of a specific term.
E
- ENBS CalculationENBS Computation, Net Sampling Benefit
- The process of computing the expected net benefit of sampling, the expected value of sample information from a study minus its expected cost.
- Expected Net Benefit of SamplingENBS, Net Value of Sampling
- Expected net benefit of sampling is the expected population value of the decision improvement produced by a proposed sample, minus the financial and opportunity costs of obtaining that evidence.
O
- Optimal Study DesignVOI-Optimal Design, Efficient Research Design, Study Design Optimisation
- The combination of research characteristics, such as sample size and follow-up duration, that maximises the expected net benefit of sampling for a budget.