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result(s) for
"Cost efficiency"
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Energy Consumption-Based Maintenance Policy Optimization
2021
The optimal predictive, preventive, corrective and opportunistic maintenance policies play an important role in the success of sustainable maintenance operations. This study discusses a new energy efficiency-related maintenance policy optimization method, which is based on failure data and status information from both the physical system and the digital twin-based discrete event simulation. The study presents the functional model, the mathematical model and the solution algorithm. The maintenance optimization method proposed in this paper is made up of four main phases: computation of energy consumption based on the levelized cost of energy, computation of GHG emission, computation of value determination equations and application of the Howard’s policy iteration techniques. The approach was tested with a scenario analysis, where different electricity generation sources were taken into consideration. The computational results validated the optimization method and show that optimized maintenance policies can lead to an average of 38% cost reduction regarding energy consumption related costs. Practical implications of the proposed model and method regard the possibility of finding optimal maintenance policies that can affect the energy consumption and emissions from the operation and maintenance of manufacturing systems.
Journal Article
Productivity and efficiency of central government departments: a mixed-effect model applied to Dutch data in the period 2012-2019
by
Blank, Bas
,
Blank, Jos L. T.
,
van Heezik, Alex A. S.
in
Bureaucracy
,
Central government
,
central government,productivity,cost efficiency,efficiency determinants,technical change,cost function,scaling property,bureaucracy
2023
Central government aims to stimulate the ejficiency and technical change c/public organizations. However, government primarily focuses on the institutions that deliver final public services, but not on the policy making institutions. This article analyses the productivity of central government departments (CGDs). From bureaucratic theory we hypothesize that productivity of these CGDs are low. In order to measure efficiency and technical change we estimate an average cost function based on data of Dutch individual CGDs during the period 2012-2019. The dataset consists of data on various services provided, resource usage and efficiency determinants. The cost function is estimated by a mixed-ejfect non-linear least squares method. The outcomes show that there are large efficiency deferences among CGDs. It is also striking that technical change of the CGDs is nonexistent over time, probably due to a lack of innovative behaviour; unwieldy bureaucracies and increasingly complex paperwork.
Journal Article
Transforming health care : Virginia Mason Medical Center's pursuit of the perfect patient experience
\"A chronicle of one of the most unusual series of events in the history of medicine, this book tells the story a group of men and women clinicians, administrators, frontline workers, trustees, and leaders blessed with vision, courage, and a relentless determination to improve. It is the story of a medical center transformed. Ultimately, it is the story of a new and possibly better way to take on the challenge we face in the United States today to provide superb medical care to our people while at the same time controlling costs\"--Provided by publisher.
An ecosystem risk assessment of temperate and tropical forests of the Americas with an outlook on future conservation strategies
by
González‐Gil, Mario
,
Ferrer‐Paris, José Rafael
,
Rodríguez, Jon Paul
in
Biodiversity
,
Caribbean
,
Climate change
2019
Forests of the Americas and the Caribbean are undergoing rapid change as human populations increase and land use intensifies. We applied the IUCN Red List of Ecosystems (RLE) criteria and simple cost‐efficiency analyses to provide the first regional perspective on patterns of relative risk integrated across multiple threats. Based on six indicators of ecosystem distribution and function, we find that 80% of the forest types and 85% of the current forest area is potentially threatened based on RLE criteria. Twelve forest types are Critically Endangered due to past or projected future deforestation, and Tropical Dry Forests and Woodland have highest threat scores. To efficiently reduce risks to forest ecosystems at national levels, scenario analyses show that countries would need to combine large forest protection measures with focused actions, tailored to their sociopolitical context, to help restore ecological functions in a selection of threatened forest types.
Journal Article
Implementing the optimal provision of ecosystem services
by
Polasky, Stephen
,
Lewis, David J.
,
Nelson, Erik
in
Auctions
,
Biological Sciences
,
Conservation
2014
Many ecosystem services are public goods whose provision depends on the spatial pattern of land use. The pattern of land use is often determined by the decisions of multiple private landowners. Increasing the provision of ecosystem services, though beneficial for society as a whole, may be costly to private landowners. A regulator interested in providing incentives to landowners for increased provision of ecosystem services often lacks complete information on landowners’ costs. The combination of spatially dependent benefits and asymmetric cost information means that the optimal provision of ecosystem services cannot be achieved using standard regulatory or payment for ecosystem services approaches. Here we show that an auction that sets payments between landowners and the regulator for the increased value of ecosystem services with conservation provides incentives for landowners to truthfully reveal cost information, and allows the regulator to implement the optimal provision of ecosystem services, even in the case with spatially dependent benefits and asymmetric information.
Journal Article
Designing cost-efficient surveillance for early detection and control of multiple biological invaders
by
Kean, John M.
,
Turner, James A.
,
Brockerhoff, Eckehard G.
in
Animal Distribution
,
Animals
,
Bark beetles
2014
Wood borers and bark beetles are among the most serious forest pests worldwide. Many such species have become successful invaders, often causing substantial, costly damages to forests. Here we design and evaluate the cost-efficiency of a trap-based surveillance program for early detection of wood borers and bark beetles at risk of establishing in New Zealand. Although costly, a surveillance program could lead to earlier detection of newly established forest pests, thereby increasing the likelihood of successful eradication and reducing control costs and damages from future invasions. We develop a mechanistic bioeconomic model that relates surveillance intensity (i.e., trap density) and invasion size to probabilities of detection and control. It captures the dynamics of invasive species establishment, spread, and damages to urban and plantation forests. We employ the model to design surveillance programs that provide the greatest net present benefits. Our findings suggest that implementing a surveillance trapping program for invasive wood borers and bark beetles would provide positive net benefits under all scenarios considered. The economically optimal trapping strategy calls for a very high investment in surveillance: about 10 000 traps in each year of the 30-year surveillance program, at a present value cost of US$54 million. This strategy provides a 39% reduction in costs compared with no surveillance, corresponding to an expected net present benefit of approximately US$300 million. Although surveillance may provide the greatest net benefits when implemented at relatively high levels, our findings also show that even low levels of surveillance are worthwhile: the economic benefits from surveillance more than offset the rising costs associated with increasing trapping density. Our results also show that the cost-efficiency of surveillance varies across target regions because of differences in pest introduction and damage accumulation rates across locales, with greater surveillance warranted in areas closer to at-risk, high-value resources and in areas that receive more imported goods that serve as an invasion pathway.
Journal Article
Evaluation of Strong Cation Ion-Exchange Resin Cost Efficiency in Manufacturing Applications—A Case Study
2022
The effective ionic capacities of strong cation ion-exchange resins were investigated and compared using conditions similar to those found in white goods, in order to establish behavioral differences between commercial products and evaluate their capacity in a broader business context. Nine different products of equivalent TDS (Technical Data Sheet) capacity were observed to examine their differences in approximately real-life conditions. For a broader context of applicability analysis, besides the absolute ionic operating capacity, the following additional factors were included in the evaluation: the standard deviation in the resins’ performances and their relative prices. A complete method for material applicability evaluation was hereby proposed and shown to offer cost factor benefits of up to 21.1% within the range of products examined, in comparison to a cost-only evaluation for equivalent materials.
Journal Article
The role of budget impact and its relationship with cost-effectiveness in reimbursement decisions on health technologies in the Netherlands
by
Reckers-Droog, Vivian
,
Brouwer, Werner
,
Enzing, Joost
in
Clinical decision making
,
Cost analysis
,
Decision making
2024
Health authorities using cost-effectiveness analysis (CEA) for informing reimbursement decisions on health technologies increasingly require economic evaluations encompassing both CEA and budget impact analysis (BIA). Good Research Practices advocate that the economic and clinical assumptions underlying these analyses are aligned and consistently applied. Nonetheless, CEAs and BIAs often are stand-alone analyses used in different stages of the decision-making process. This article used policy reports and Ministerial correspondence to discuss and elucidate the role of budget impact and its relationship with cost-effectiveness in reimbursement decisions in the Netherlands. The results indicate that CEAs and BIAs are both considered important for informing these decisions. While the requirements regarding CEAs—and application of the associated decision rule—are consistent across the different stages, the same does not hold for BIAs. Importantly, the definition of and evidence on budget impact differs between stages. Some important aspects (e.g. substitution and saving effects) typically are considered in the assessment and appraisal stages but are seemingly not considered in price negotiations and the final reimbursement decision. Further research is warranted to better understand why BIAs are not aligned with CEAs (e.g. in terms of underlying assumptions), vary in form and importance between stages, and do not have a clear relationship with the results of CEAs in the decision-making framework. Improving the understanding of the circumstances under which decision-makers attach a relatively larger or smaller weight to (different aspects of) budget impact may contribute to increasing the transparency, consistency, and optimality of reimbursement decisions in the Netherlands.
Journal Article