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What is Cost Effective

Encyclopedia of Data Science and Machine Learning
In healthcare management science it refers to a form of management ensuring the maximization of the benefits that can be obtained from the resources allocated to health and the reduction of costs. Generally, it refers to the achievement of desirable outcomes of a process (e.g., the process achieves intended and/or unintended results that can be quantified in monetary terms and this occurs at a cost that is minimized compared to alternative process for achieving comparable results).
Published in Chapter:
Blockchain Technology, Vanilla Production, and Fighting Global Warming
Robert Leslie Fisher (Independent Researcher, USA)
Copyright: © 2023 |Pages: 10
DOI: 10.4018/978-1-7998-9220-5.ch178
Abstract
While most nations concur with the United Nations prediction that we face mass extinctions, flooding, and other catastrophic damage unless we reduce global warming by 1.5 degrees Celsius within the next decade, the developing nations are insisting that they should be allowed to give priority to economic growth and development over fighting global warming. Shyam Saran, an Indian policy scientist, champions this position but points out we can accomplish both the aims of development and fighting global warming by establishing a global technology platform to share planet friendly technology with the less developed nations. Many technologies could be shared in this way (e.g., making concrete in planet-friendly ways and manufacturing hydrogen-fueled trains). This article explores how the impoverished nation of Malagasy (better known as Madagascar) could grow its economy by using blockchain in the production of vanilla while also reducing the amount of carbon added to the atmosphere.
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