Decision analysis

From Glossary for Health Technology Lifecycle by EuroScan
Revision as of 13:03, 21 November 2023 by Admin1 (talk | contribs)

(diff) ← Older revision | Approved revision (diff) | Latest revision (diff) | Newer revision → (diff)

A quantitative approach to facilitate decision making under conditions of uncertainty that consists of modelling the pathways and outcomes for each possible option to determine which is optimal.

Note: This approach is based on the available estimates (from scientific literature or experts) of the probabilities that certain events and outcomes will occur and on the value of the outcomes that would result from each strategy. A decision tree represents the possible pathways graphically.

References

http://htaglossary.net/decision-analysis