What formula is used for value-based decision making?

Value-based decision making focuses on maximizing the value derived from interventions by considering various factors that contribute to outcomes, including safety and services, relative to the costs incurred. The correct formula captures this notion effectively.

In the provided formula, outcomes represent the beneficial results of a decision or intervention, safety indicates the importance of minimizing risks or harms associated with those outcomes, and services reflect the quality and availability of the resources or support provided. All of these positive components are summed together, and the total is then evaluated against the costs involved in delivering the outcomes. This comprehensive view allows decision-makers to analyze the true value of a decision not just based on outcomes alone, but by considering the overall impact, including safety and services, in relation to what it costs.

This holistic approach helps to ensure that decisions lead to the best overall benefit to stakeholders, making it particularly relevant in fields such as healthcare, where balancing quality and cost is critical.

Other options do not provide this comprehensive approach, as they either misplace or omit necessary components for determining the overall value effectively.