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An Introduction to Decision Analysis in the Economic Evaluation of the Prevention and Treatment of Vision-Related Diseases.
- Source :
-
Ophthalmic Epidemiology . Apr2008, Vol. 15 Issue 2, p76-83. 8p. 4 Diagrams, 3 Charts. - Publication Year :
- 2008
-
Abstract
- Economic evaluation in the form of reports of cost-effectiveness of the treatment and prevention of disease has only recently found widespread application in the visual sciences. While economic evaluation takes a number of forms: cost-minimization analysis, cost-benefit analysis, and cost-effectiveness analysis - it is the latter that is seen most often in the evaluation of vision-related health programs. Cost-effectiveness analysis is in particular seen most commonly in its very particular form of cost-utility analysis. Decision analysis is the analytic method most commonly used to perform cost-effectiveness analysis. In decision analysis, the expected cost and effectiveness of a health program are estimated in a rigorous fashion. In this report, we take the reader through the process of decision analysis including building the tree; populating the model with parameters for risk, cost and benefit; estimating expected cost and benefit; and deterministic and probabilistic sensitivity analysis. Examples employed include prominent studies of the cost-effectiveness of photodynamic therapy for treatment of neovascular macular degeneration and the treatment ocular hypertension to prevent glaucoma. [ABSTRACT FROM AUTHOR]
Details
- Language :
- English
- ISSN :
- 09286586
- Volume :
- 15
- Issue :
- 2
- Database :
- Academic Search Index
- Journal :
- Ophthalmic Epidemiology
- Publication Type :
- Academic Journal
- Accession number :
- 31747976
- Full Text :
- https://doi.org/10.1080/09286580801939346