Title :
Algorithm for Making Decision with the Incremental Cost-Effectiveness Ratio handling the Mirror Decision-Making Problem
Author :
Siani, Carole ; De Peretti, Christian
Author_Institution :
Dept. of Comput. Sci., Univ. of Claude Bernard Lyon, Lyon
Abstract :
This paper deals with the handling of uncertainty in the context of cost-effectiveness analyses, through the building of confidence regions for the incremental cost-effectiveness ratio (ICER), to provide a statistical descriptive tool for helping medico-economic decision-making. However, the confidence region for the ICER, mathematically provided, cannot be directly usable for decision-making, because two identical ICERs can be associated with two totally opposite findings. To solve this problem, algorithms are developed in this paper, to provide on the one hand a directed confidence region usable for decision-making, and on the other hand a decision directly from the data.
Keywords :
biology; decision making; economics; statistical analysis; incremental cost-effectiveness ratio handling; medico-economic decision-making; mirror decision-making problem; statistical descriptive tool; Clinical trials; Costs; Decision making; Medical diagnostic imaging; Medical treatment; Mirrors; Stochastic processes; Systems engineering and theory; Technological innovation; Uncertainty; ICER; algorithm; decision-making;
Conference_Titel :
Computational Engineering in Systems Applications, IMACS Multiconference on
Conference_Location :
Beijing
Print_ISBN :
7-302-13922-9
Electronic_ISBN :
7-900718-14-1
DOI :
10.1109/CESA.2006.4281680