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This requires all benefits, including any impact of health and well-being, to be valued in monetary terms.
"This element of damage caused by the appellant (and others) cannot be valued in monetary terms, but it is nonetheless real, and the impact of what has been done will not dissipate rapidly".
Our intention was not to commit on discussion whether or not health effect should be valued in monetary terms.
The opportunity cost of the participants' or patients' time will be valued in monetary units, using a range of different approaches.
These will be valued in monetary terms by applying unit costs from standard sources such as the NHS Reference costs and the PSSRU Costs of Health and Social Care.
Similar(55)
When the general level of prices is changing this means that different items are valued in monetary units of different purchasing power.
Cost-benefit analysis implies that the benefits of any initiative are valued in monetary terms to make them commensurable with costs.
The expected loss of life, which also was valued in monetary terms, was based on 24 h averages and would be expected to be much higher in the case of a nighttime event without warning.
While lost working time has, in theory at least, a calculable financial consequence (either wages are lost or the employer pays for work not done), how leisure time is valued in monetary terms is a complex subject which we will not attempt to explore.
Resource use is valued in monetary terms by multiplying the units consumed by the cost per unit[ 26].
Health benefits are measured in Quality Adjusted Life Years (QALYs) [ 23] which are valued in monetary terms at £25,000 (€29,071) each.
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CEO of Professional Science Editing for Scientists @ prosciediting.com