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October 3, 2025Applied Stochastic Models in Business and Industry

Evaluating Uncertainties in Health Economic Models: A Review and Guide

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Authors

MCMohammad A. ChaudharyHCHaitao ChuJCJoseph C. Cappelleri

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Overview

This review evaluates uncertainty in cost-effectiveness models, guiding Health Technology Assessment decision-making.

Key Points

  • Understanding and analyzing uncertainty in health economic models improves cost-effectiveness assessments.
  • Health economic models face stochastic and parameter uncertainty, affecting their reliability in decision-making.
  • Quantitative techniques are necessary to synthesize diverse data inputs while addressing uncertainties in economic models.
  • Effective assessment and communication of uncertainty can enhance the robustness of health economic evaluations.

Cite This Study

Chaudhary et al. (2025) studied this question.

synapsesocial.com/papers/68e02f34f0e39f13e7fa2106https://doi.org/10.1002/asmb.70044
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