Cost Benefit Analysis of the Community Patent

The creation of a European Community Patent (COMPAT) came a step closer this month when Sweden brokered a preliminary agreement on the issue. In this working paper, Senior Resident Fellow Bruno van Pottelsberghe and Jérôme Danguy use simulations to take a look at the advantages, disadvantages, winners and losers from the creation of the COMPAT. They find that it would drastically reduce the relative patenting costs for applicants while generating more income for the European Patent Office and increased savings for the business sector. They also explain that the lost of economic rents for patent attorneys, translators and lawyers specialised in patent litigation and the drop of controlling power for national patent offices may explain why there has been such resistance to the COMPAT thus far.

Realtime market microstructure analysis: online Transaction Cost Analysis

Motivated by the practical challenge in monitoring the performance of a large number of algorithmic trading orders, this paper provides a methodology that leads to automatic discovery of the causes that lie behind a poor trading performance. It also gives theoretical foundations to a generic framework for real-time trading analysis. Academic literature provides different ways to formalize these algorithms and show how optimal they can be from a mean-variance, a stochastic control, an impulse control or a statistical learning viewpoint. This paper is agnostic about the way the algorithm has been built and provides a theoretical formalism to identify in real-time the market conditions that influenced its efficiency or inefficiency. For a given set of characteristics describing the market context, selected by a practitioner, we first show how a set of additional derived explanatory factors, called anomaly detectors, can be created for each market order. We then will present an online methodology to quantify how this extended set of factors, at any given time, predicts which of the orders are underperforming while calculating the predictive power of this explanatory factor set. Armed with this information, which we call influence analysis, we intend to empower the order monitoring user to take appropriate action on any affected orders by re-calibrating the trading algorithms working the order through new parameters, pausing their execution or taking over more direct trading control. Also we intend that use of this method in the post trade analysis of algorithms can be taken advantage of to automatically adjust their trading action.Comment: 33 pages, 12 figure

Cost-Effectiveness Analysis Terapi Antibiotik Seftriakson Dan Sefotaksim Pada Pasien Tifoid Di RSUD Dr. M.M Dunda Limboto

Tifoid merupakan penyakit infeksi yang disebabkan oleh bakteri Salmonella typhi dan telah banyak menginfeksi masyarakat baik di perkotaan maupun pedesaan. Dengan adanya fenomena multidrug resistance Salmonella typhi maka pemilihan terapi antibiotik yang efektif pada tifoid menjadi faktor yang harus diperhatikan selain kendala biaya. Penelitian ini bertujuan untuk mengetahui efektivitas biaya pada terapi dua antibiotik yaitu seftriakson dan sefotaksim yang digunakan dalam pengobatan demam tifoid di RSUD DR. M.M Dunda Limboto. Penelitian ini dilakukan dengan menggunakan metode survei analitik dengan desain cross sectional. Penelitian ini menggunakan data sekunder pasien demam tifoid periode Januari-Desember 2014. Data yang diambil meliputi, data demografi, lama rawat inap, dan data keuangan pasien. Hasil penelitian menunjukkan bahwa kelompok terapi antibiotik seftriakson lebih cost effective yaitu dengan biaya Rp 3.650.091 dengan lama rawat inap 2,8 hari dibandingkan dengan kelompok terapi antibiotik sefotaksim dengan biaya lebih besar yaitu Rp 4.036.015 dengan lama rawat inap 3,7 hari

Cost-benefit analysis and valuation uncertainty

This thesis addresses the economic trade-offs between hydropower and fish production, based on an empirical assessment of the costs and benefits of changing the water flow of the Ume/Vindel River in northern Sweden at a major hydropower plant in ways that would reduce its production of electricity but increase the number of wild salmon in the river. A theoretical framework for dynamic cost benefit analysis (CBA) is presented and applied to the salmon passage-hydropower production conflict. The approach has wider applicability than suggested here, and should be useful in other, similar contexts. To obtain estimates for the benefit of increasing the number of wild salmon the contingent valuation method (CVM) was applied. The CVM is a survey-based method developed for measuring values of non-market goods by using willingness to pay (WTP) questions. A new open-ended valuation question, the “classic and interval open-ended” (CIOE) question, was introduced to accommodate the fact that many people have an inability to state their preferences accurately. Interpretation of the resulting valuation uncertainty is more straightforward with this type of question than with other types of valuation question. There are other advantages as well. In addition, methods are introduced for: finding a WTP point estimate for the CIOE question; estimating lower and upper boundaries for the WTP; and for estimating confidence intervals for the total present benefit. An important element of the empirical analysis is that estimated changes in resource conditions are based on detailed river-specific data. The resource dynamic considerations were introduced into both the scenarios and the WTP questions, using an estimated salmon population model for the Vindel River as a base. A model predicting the effects of varying the water flows on the salmon’s migration behaviour was used to estimate the costs of increasing the number of salmon. A total of 1785 individuals received a questionnaire including the CIOE question; the response rate was 66%. Passive use (non-use) values are the major contributors to the benefit (96-517 MSEK) of increasing the wild salmon stock in the Vindel River. The sensitivity analysis suggests that the opportunity costs in terms of lost electricity are typically higher than the estimated benefits

Cost-Benefit Analysis of Reclaiming Futures

Assesses the costs of RWJF's initiative to improve substance abuse interventions for youth with improved service delivery, cooperation, and family involvement; estimates behavior change and reduction in juvenile crime; and considers returns on scale

Radar altimetry systems cost analysis

This report discusses the application and cost of two types of altimeter systems (spaceborne (satellite and shuttle) and airborne) to twelve user requirements. The overall design of the systems defined to meet these requirements is predicated on an unconstrained altimetry technology; that is, any level of altimeter or supporting equipment performance is possible

Cost‐effectiveness analysis of computer‐based assessment

The need for more cost‐effective and pedagogically acceptable combinations of teaching and learning methods to sustain increasing student numbers means that the use of innovative methods, using technology, is accelerating. There is an expectation that economies of scale might provide greater cost‐effectiveness whilst also enhancing student learning. The difficulties and complexities of these expectations are considered in this paper, which explores the challenges faced by those wishing to evaluate the cost‐effectiveness of computer‐based assessment (CBA). The paper outlines the outcomes of a survey which attempted to gather information about the costs and benefits of CBA

Using cost effectiveness analysis; a beginners guide

Objective ‐ This report seeks to describe the key elements of cost effectiveness analysis (CEA) and to demonstrate how such analysis may be used in the library environment. Methods ‐ The paper uses a step‐by‐step approach to walk the non‐economist reader through the basics of conducting a cost effectiveness study. It provides an outline of the key elements of CEA using examples from the library sector, and it presents a case study of a CEA in a hospital library. The case study compares two library services, mediated searching and information skills training, to illustrate the application of CEA and to highlight some of its limitations. Results ‐ CEA is a comparative analysis tool. Its key elements include a study question regarding a particular process or procedure that identifies both costs and effectiveness; a justification of the study’s perspective; evidence of effectiveness; comprehensive identification of all relevant costs, and appropriate measurement of costs and effectiveness. Conclusions ‐ CEA enables comparison of services or interventions regarding particular processes or procedures in terms of their costs, and it measures their effectiveness. The results can be used to aid decision‐making about service provision

Cost benefit analysis vs. referenda

We consider a planner who chooses between two possible public policies and ask whether a referendum or a cost benefit analysis leads to higher welfare. We find that a referendum leads to higher welfare than a cost benefit analyses in "common value" environments. Cost benefit analysis is better in "private value" environments.Cost benefit analysis, elections, referenda, project evaluation