Decision Analytic Modelling in the Economic Evaluation of Health Technologies

Excerpt

There is concern about the credibility of decision analytic models when used for the economic evaluation of health technologies; there is limited guidance for good modelling. Decision analytic modelling, undertaken for the purpose of economic evaluation of health technologies, involves the application of mathematical techniques to synthesise available information about healthcare processes and their implications. Thus, decision models provide an explicit 2-way bridge between primary data and the decisions they inform. These models embrace a variety of techniques, including decision-tree modelling. …