COST-BENEFIT ANALYSIS METHODOLOGY FOR INVESTMENTS IN REFRACTIVE SURGERY

Oana Ramona Lobonț and Roxana Bucurean
Additional contact information
Oana Ramona Lobonț: Victor Babes University of Medicine and Pharmacy Timisoara
Roxana Bucurean: Victor Babes University of Medicine and Pharmacy Timisoara

SEA - Practical Application of Science, 2018, issue 18, 379-386

Abstract: The current paper proposes a methodology of cost – benefit analysis for investments in the field of refractive surgery over the Romanian-Serbian cross-border region. While refractive surgery services have the potential of generating financial gains for the investor, they can also generate significant social impact. When the investments are made from public funds, the net social benefits are usually targeted. Although the potential impact of such an investment over the quality of life of the local population is important, a feasibility study is mandatory as a basis for the decision to allocate the necessary funds. Through a previous research, we established a benchmark for the conversion of the net social benefits of refractive surgery into monetary form. Through the current article, we propose a way of integrating the converted net social benefits into a cost – benefit analysis. The proposed methodology can be used in feasibility studies over the Romanian-Serbian cross-border region and can easily be adapted to other regions.

Keywords: Cost-benefit analysis; Refractive surgery; Investment; Feasibility study (search for similar items in EconPapers)
Date: 2018
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://seaopenresearch.eu/Journals/articles/SPAS_18_21.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:cmj:seapas:y:2018:i:18:p:379-386

Access Statistics for this article

SEA - Practical Application of Science is currently edited by Romanian Foundation for Business Intelligence

More articles in SEA - Practical Application of Science from Romanian Foundation for Business Intelligence, Editorial Department
Bibliographic data for series maintained by Serghie Dan ().