Category: Health Economics
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Coding the Cost Effectiveness Acceptability Curve (CEAC) in R
Introduction The cost effectiveness acceptability curve (CEAC) is a tool used to describe the output of a probabilistic sensitivity analysis conducted on a model used in economic evaluations of health technologies. It communicates the probability of cost effectiveness conditional on our willingness to pay threshold for each unit of effectiveness or QALY gained. while this…
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Decision Tree Modelling for Cost Effectiveness Analysis in R
Motivation for this blog I have seen several packages and frameworks used for the development of decision analytic models for cost effectiveness analysis in R. Some can be hard to understand and are often paywalled behind some sort of training that is associated with using package. Even after attending some sort of training, some run…