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A Markovian Analysis of a Geriatric Ward

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  • Jack Meredith

    (Florida International University)

Abstract

This paper evaluates the cost-effectiveness of a specialized geriatric program in a California mental hospital by analyzing the movement of patients into, through, and out of the program. The procedure for modelling the patients' movements between states with a Markov chain is detailed and the results analyzed. First passage times, long-term trends, and stay times until death are derived as well as the associated costs the hospital must endure. Lastly, ways to simulate the effect of possible program modifications are illustrated.

Suggested Citation

  • Jack Meredith, 1973. "A Markovian Analysis of a Geriatric Ward," Management Science, INFORMS, vol. 19(6), pages 604-612, February.
    • Handle: RePEc:inm:ormnsc:v:19:y:1973:i:6:p:604-612
    DOI: 10.1287/mnsc.19.6.604
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    Cited by:

    1. Jones, Bruce L., 1995. "A stochastic population model for high demand CCRCs," Insurance: Mathematics and Economics, Elsevier, vol. 16(1), pages 69-77, April.
    2. Pablo Alonso González & Irene Albarrán Lozano, 2009. "Private long term care insurance: Theoretical approach and results applied to the Spanish case," Alcamentos 0902, Universidad de Alcalá, Departamento de Economía..

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