Compared with a drip system, a new type of infusion pump reduces the cost of adm

Question

Compared with a drip system, a new type of infusion pump reduces the cost of administering chemotherapy from $25 per dose to $30 per dose. The complication rate of each system is 2 percent. Which should you choose? What sort of analysis should you do? Compared with a drip system, a new type of infusion pump reduces the cost of administering chemotherapy from $25 per dose to $30 per dose. The complication rate of each system is 2 percent. Which should you choose? What sort of analysis should you do?

Explanation / Answer

ANSWER:

In the given scenario a new type of infusion pump is not reducing the cost of administering chemotherapy, however increasing it from $25 per dose to $30 per dose. If we construct the cost utility analysis i.e. evaluating, and compares both the system to know their benefits in the non monetary terms, the findings indicates that the total cost is increased however the complication rate would remain the same. Thus would prefer to choose drip system due to the low cost

Related Questions

Navigate

• Browse (All)
• Browse C
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.