To achieve cost-effectiveness among options that satisfy the benefit objective
A) both PVB and PVC must be minimized
B) PVB must be minimized and PVC must be maximized
C) PVC must be minimized
D) none of the above

Question

Quizplus · Accepted Answer

To achieve cost-effectiveness, PVC (Projected Value of Costs) must be minimized, as this represents the total cost of the options being considered. Minimizing PVB (Projected Value of Benefits) would imply sacrificing benefits, which is not desirable in achieving cost-effectiveness. Therefore, the best choice is to minimize PVC while still satisfying the benefit objectives.

To Achieve Cost-Effectiveness Among Options That Satisfy the Benefit Objective