Opportunity costs and uncertainty in the economic evaluation of health care interventions

P. Sendi, A. Gafni, S. Birch

    Research output: Contribution to journalArticlepeer-review

    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 languageEnglish
    Pages (from-to)23-31
    Number of pages8
    JournalHealth Economics
    Volume11
    Issue number1
    DOIs
    Publication statusPublished - 2002

    Keywords

    • Cost-effectiveness analysis
    • Decision-making plane
    • Opportunity costs

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