Cost-effectiveness analysis (CEA), as a system of allocative efficiency for global health programs, is an influential criterion for resource allocation in the context of diplomacy and inherent foreign policy decisions therein. This is because such programs have diplomatic benefits and costs that can be uploaded from the recipient and affect the broader foreign policy interests of the donor and ...

Quantifying and designing the cost pool generated by Business Intelligence and Analytics (BI&A) would improve cost transparency and invoicing processes, allowing a fairer, more exact allocation of costs to service consumers. Yet there is still no method for determining BI&A costs to provide a base for allocation purposes. While literature describes several methods for BI&A cost estimation on an...

We consider multiarmed bandit problems with switching cost, define uniformly good allocation rules, and restrict attention to such rules. We present a lower bound on the asymptotic performance of uniformly good allocation rules and construct an allocation scheme that achieves the bound. We discover that despite the inclusion of a switching cost the proposed allocation scheme achieves the same a...

In this paper, for the Stratified Median Ranked Set Sampling (SMRSS), proposed by Ibrahim et al. (2010), we examine the proportional and optimum sample allocations that are two well-known methods for sample allocation in stratified sampling. We show that the variances of the mean estimators of a symmetric population in SMRSS using optimum and proportional allocations to strata are smaller than ...

Task allocation problems have traditionally focused on cost optimization. However, more and more attention is being given to cases in which cost should not always be the sole or major consideration. In this paper, we study a fair task allocation problem where an optimal allocation not only has low cost but more importantly, it is max-lexmin fair to all participants. To tackle this max-lexmin fa...

Reactive power management plays an essential role in the secure operation of the power system as an ancillary service. Although in electricity markets, the particular attention is paid to active power, the reactive power also plays an important on total generation costs of electricity. On the other hand, as it is mainly confined to local consumption, to avoid market power and maintain the se...

BACKGROUND Our aim was to make right and informative decision about choosing the most cost-effectiveness heterogeneous infectious waste treatment methods and devices. METHODS In this descriptive study, decision tree analysis, with 10-yr time horizon in bottom-up approach was used to estimate the costs and effectiveness criteria of the employed devices at provider perspective in Iranian hospit...

In this paper, we study the problem of selecting a system that has the best performance or selecting one of the best systems when the objective function is the expected performance of a complex stochastic system. The focus here is on a huge size but finite feasible solution set, that is not necessarily well structured. We consider the use of the ordinal optimization technique that concerns with...