More recently, regulatory philosophy has been modified to embrace the view that corporate actors are rational decision makers, choosing to comply, evade, or violate legal obligations based on cost-benefit evaluations.
However, an economic evaluation, based on cost and return estimates, made by the project (Schack, 1993) did not consider the pond and pen culture experiments at Pothundy and Malampuzha as viable investment packages.
A recent systematic review 6 demonstrates that most economic evaluations of such interventions are based on cost minimisation only.
The optimum thermal power of nuclear power plants for hydrogen production was estimated based on the cost evaluation.
Based on our cost evaluation, this was not the case in the Finnish setting.
For example, an evaluation based on cost-effectiveness might look favorably on a project which reaches a large number of beneficiaries.
Costs per cycle for the NESRD state included general medical costs (consultations, diagnostics and laboratory services) based on costing data from the economic evaluation of benazepril for Dutch CRF patients [ 21], and drug usage from the trial (moxonidine, nitrendipine and an average cost of hypertension drugs used) [ 10].
Such information is required in economic evaluations based on cost-utility analysis.
Unfortunately, standard definitions of catastrophic costs, based on cost-income ratios, create significant challenges for routine monitoring and evaluation.
