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Table 3 Societal cost

From: Cost-effectiveness analysis of a large-scale crèche intervention to prevent child drowning in rural Bangladesh

Parameters (in 2015 US$)

Annual volunteer-hours per crèche

Annual cost per crèche

Annual cost per child

Opportunity cost of time*

Crèche workers' time (mother and assistant)

2304.00

$941.76

$36.25

VIPC and UIPC members' time

138.72

$56.70

$2.18

Parents' time

3392.26

− $5546.35

− $213.48

Program cost

Estimates from Table 2

$416.35

$16.03

 Total cost (savings)

Opportunity cost of time + program cost

 

− $4131.54

− $159.02

  1. Negative values indicate savings. VIPC and UIPC are Village and Union Injury Prevention Committees. See the Additional file 1 for details about data assumptions and calculations. Assumptions are varied in sensitivity analysis
  2. *The opportunity cost of time is the minimum wage, 8000 BDT per month in the year 2018 based on Butler (2019), equivalent to US$78.48 in 2015
  3. A crèche operates for 4 h per day, 6 days per week, which is part-time, thus the wage per crèche worker is 50% of the minimum wage
  4. Assumes savings for only one parent per child and the estimate is a function of the minimum wage and crèche attendance level, see the Additional file 1 for details. Parameters with black bold text indicate major parameter groups: opportunity cost, program cost, total societal cost