Decision Modeling Techniques

The fundamental purpose of a pharmacoeconomic model is to evaluate the expected costs and outcomes of a decision (or series of decisions) about the use of a pharmacotherapy compared with one or many alternatives. Decision modeling provides an

2.1 Introduction ..................................................................................................... 17 2.2 Decision Modeling Paradigm ......................................................................... 18

2.2.1 Types of Decision Modeling Techniques ............................................20 2.2.2 Decision Trees ....................................................................................20