Method | Description | Number of studies (D|I)* |
---|---|---|
Basic computation | Basic calculation of a cost (e.g., total vaccination purchase costs) or of a reduction in revenues (e.g., reduction of number of piglets weaned * sale price per piglet); or adjustment of one value in an external tool. | 5 | 10 |
Cost analysis | Calculation or estimation of several or total variable costs (including estimation of reduced revenues). | 9 | 5 |
Margin over specific variable costs | Revenue minus feed and/or veterinary (medication/vaccination) costs. | 0 | 5 |
Gross margin | Enterprise outputs minus all variable costs1. | 5 | 4 |
Farm budget | Calculation of the total net profit on a farm, by deducting fixed costs from the gross margin1. | 5 | 2 |
Partial budget | Determining the change in net profit resulting from a change on a farm. Calculated by identifying revenues foregone, extra costs, additional revenue, and reduced costs1. | 2 | 10 |
Cost-benefit analysis | Determining the profitability of programs over an extended period of time, by enumerating benefits and costs and applying a discount rate to convert future values to present values. Consequently, the Net Present Value and Benefit-Cost Ratio can be calculated1. | 0 | 2 |
Other | Types of economic analysis performed by single studies. 1. Economic welfare analysis 2. Cash flow analysis and decision optimization. | 1. Disease-focused. (28) 2. Intervention- focused. (33) |