Abstract
Considerable methodological research has been conducted on handling uncertainty in cost-effectiveness analysis. The current literature suggests the concepts of net health benefits and cost-effectiveness acceptability curves to circumvent the technical shortcomings of cost-effectiveness ratio statistics. However, these approaches do not provide a solution for the inherent problem that the threshold cost-effectiveness ratio itself is unknown. The authors suggest analysing uncertainty in cost-effectiveness analysis by directly addressing the concept of opportunity costs using the decision rule described by Birch and Gafni (1992) and introduce a new graphical framework (the 'decision making plane') for communicating with policy makers. Copyright © 2002 John Wiley & Sons, Ltd.
Original language | English |
---|---|
Pages (from-to) | 23-31 |
Number of pages | 8 |
Journal | Health Economics |
Volume | 11 |
Issue number | 1 |
DOIs | |
Publication status | Published - 2002 |
Keywords
- Cost-effectiveness analysis
- Decision-making plane
- Opportunity costs