After choosing between the options in exercise 14.7, you discover that an infusion pump with a dosage monitoring system costs $15 per dose. Its monitoring functions reduce the complication rate to 1 percent. Which of the three options do you prefer? What principle does this illustrate?

Exercise 14.7

Compared with a drip system, an infusion pump reduces the costof administering chemotherapy from $25 per dose to $20 per dose.The complication rate of each system is 2 percent. Which shouldyou choose? What sort of analysis should you do?