This book provides an introduction to decision analytic cost-effectiveness modelling, giving the theoretical and practical knowledge required to design and implement analyses that meet the methodological standards of health technology assessment organisations. The book guides you through building a decision tree and Markov model and, importantly, shows how the results of cost-effectiveness analyses are interpreted.
Given the complex nature of cost-effectiveness modelling and the often unfamiliar language that runs alongside it, we wanted to make this book as accessible as possible whilst still providing a comprehensive, in-depth, practical guide that reflects the state of the art - that includes the most recent developments in cost-effectiveness modelling. Although the nature of cost effectiveness modelling means that some parts are inevitably quite technical, across the 13 chapters we have broken down explanations of theory and methods into bite-sized pieces that you can work through at your own pace; we have provided explanations of terms and methods as we use them. Importantly, the exercises and online workbooks allow you to test your skills and understanding as you go along.
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"This book ? is a timely addition to the dearth of practical guides to cost-effectiveness modelling. ? This book will be helpful to students and early-career modellers who are keen to develop their skills in cost-effectiveness modelling. We would further recommend the text to professional health economists working outside of the UK and Canadian contexts who are aiming to widen their understanding of international approaches to cost-effectiveness modelling." (Ahmed Abdulla and Angela Stainthorpe, Applied Health Economics and Health Policy, April, 2016)
"An excellent addition to the increasing textbook options in the field of economic evaluation in health care. It fills an important gap in terms of a more practical focus on the application of the concepts and theoretical principles underlying the discipline. ? It will be best used as either a stand-alone text for a short course for health care decision makers to understand the application of the discipline or as a companion text for introductory graduate courses in economic evaluation." (Doug Coyle, PharmacoEconomics, Vol. 34 (4), April, 2016)
