Compared with drip system

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1. Compared with a drip system, a new type of infusion pump reduces the cost of administrating chemotherapy from $25 per dose to $20 per dose. The complication rate of each system is two percent. Which should you choose? What sort of analysis should you do?

2. After choosing the options in Exercise 1 you discover that an infusion pump with a dosage monitoring system costs $15 per dose. Its monitoring functions reduce the complication rate to one percent. Which of the three options do you prefer? What principle does this illustrate?

3. Switching from one anaesthesia drug to another reduces costs by $100 per patient. What additional information do you need to do a cost-minimization analysis?

Reference no: EM13838131

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