A novel method to value real options in health care: the case of a multicohort human papillomavirus vaccination strategy

Favato, Giampiero, Baio, Gianluca, Capone, Alessandro, Marcellusi, Andrea and Mennini, Francesco Saverio (2013) A novel method to value real options in health care: the case of a multicohort human papillomavirus vaccination strategy. Clinical Therapeutics, 35(7), pp. 904-914. ISSN (print) 0149-2918

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Abstract

The payoff method showed distinctive advantages in the valuation of the cost-effectiveness of competing health care interventions, essentially determined by the replacement of the nonfuzzy numbers that are commonly used in cost-effectiveness analysis models, with fuzzy numbers as an input to inform the real option pricing method. The real option approach to value uncertainty makes policy making in health care an evolutionary process and creates a new "space" for decision-making choices.

Item Type: Article
Research Area: Health services research
Faculty, School or Research Centre: Faculty of Business and Law
Faculty of Business and Law > Kingston Business School (Accounting and Finance) (until July 2013)
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Depositing User: Automatic Import Agent
Date Deposited: 12 Jul 2013 11:58
Last Modified: 06 Oct 2016 14:12
URI: http://eprints.kingston.ac.uk/id/eprint/25983

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