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Use of evidence in economic decision models: practical issues and methodological challenges

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Listed:
  • N. J. Cooper
  • A. J. Sutton
  • A. E. Ades
  • S. Paisley
  • D. R. Jones
  • on behalf of the working group on the ‘use of evidence in economic decision models’

Abstract

This paper outlines the current ‘state of play’ regarding the use of evidence in decision modelling and highlights both practical issues and methodological challenges related to identifying, combining and reporting evidence to inform decision model parameters and structure. Based on discussions at two MRC HSRC‐funded workshops consisting of 37 experts from a range of disciplines (i.e. decision‐makers, health economists, information specialists, operations researchers and statisticians), it aims to derive a multi‐disciplinary standpoint on the appropriate use of evidence in economic decision models and, where applicable, offer some suggestions for good modelling practice. Gaps in the established methodology knowledge base are identified for future research. Copyright © 2007 John Wiley & Sons, Ltd.

Suggested Citation

  • N. J. Cooper & A. J. Sutton & A. E. Ades & S. Paisley & D. R. Jones & on behalf of the working group on the ‘use of evidence in economic decision models’, 2007. "Use of evidence in economic decision models: practical issues and methodological challenges," Health Economics, John Wiley & Sons, Ltd., vol. 16(12), pages 1277-1286, December.
    • Handle: RePEc:wly:hlthec:v:16:y:2007:i:12:p:1277-1286
    DOI: 10.1002/hec.1297
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    References listed on IDEAS

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    1. A. E. Ades & S. Cliffe, 2002. "Markov Chain Monte Carlo Estimation of a Multiparameter Decision Model: Consistency of Evidence and the Accurate Assessment of Uncertainty," Medical Decision Making, , vol. 22(4), pages 359-371, August.
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    Cited by:

    1. Brousselle, Astrid & Lessard, Chantale, 2011. "Economic evaluation to inform health care decision-making: Promise, pitfalls and a proposal for an alternative path," Social Science & Medicine, Elsevier, vol. 72(6), pages 832-839, March.
    2. Katherine Payne, 2009. "Fish and chips all round? Regulation of DNA‐based genetic diagnostics," Health Economics, John Wiley & Sons, Ltd., vol. 18(11), pages 1233-1236, November.
    3. Zhi Qu & Shanshan Zhang & Christian Krauth & Xuenan Liu, 2019. "A systematic review of decision analytic modeling techniques for the economic evaluation of dental caries interventions," PLOS ONE, Public Library of Science, vol. 14(5), pages 1-17, May.
    4. Ka Keat Lim & Rositsa Koleva-Kolarova & Julia Fox-Rushby, 2022. "A Comparison of the Content and Consistency of Methodological Quality and Transferability Checklists for Reviewing Model-Based Economic Evaluations," PharmacoEconomics, Springer, vol. 40(10), pages 989-1003, October.
    5. Simon French, 2012. "Expert Judgment, Meta-analysis, and Participatory Risk Analysis," Decision Analysis, INFORMS, vol. 9(2), pages 119-127, June.
    6. Xiao Zang & Emanuel Krebs & Linwei Wang & Brandon D. L. Marshall & Reuben Granich & Bruce R. Schackman & Julio S. G. Montaner & Bohdan Nosyk, 2019. "Structural Design and Data Requirements for Simulation Modelling in HIV/AIDS: A Narrative Review," PharmacoEconomics, Springer, vol. 37(10), pages 1219-1239, October.
    7. Rob Anderson, 2010. "Systematic reviews of economic evaluations: utility or futility?," Health Economics, John Wiley & Sons, Ltd., vol. 19(3), pages 350-364, March.

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