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

Andrea Marcellusi; Francesco Saverio Mennini; Giampiero Favato; Gianluca Baio; Alessandro Capone

doi:10.1016/j.clinthera.2013.05.003

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

Andrea Marcellusi
, Francesco Saverio Mennini
, Giampiero Favato
, Gianluca Baio
, Alessandro Capone

Research output: Contribution to journal › Article › peer-review

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.

Original language	English
Pages (from-to)	904-914
Journal	Clinical Therapeutics
Volume	35
Issue number	7
DOIs	https://doi.org/10.1016/j.clinthera.2013.05.003
Publication status	Published - Jul 2013

Keywords

Health services research

Access to Document

10.1016/j.clinthera.2013.05.003

http://dx.doi.org/10.1016/j.clinthera.2013.05.003

Cite this

@article{f853dd72117c4150844bd39f006f2d4b,

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

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.",

keywords = "Health services research",

author = "Andrea Marcellusi and Mennini, \{Francesco Saverio\} and Giampiero Favato and Gianluca Baio and Alessandro Capone",

year = "2013",

month = jul,

doi = "10.1016/j.clinthera.2013.05.003",

language = "English",

volume = "35",

pages = "904--914",

journal = "Clinical Therapeutics",

issn = "0149-2918",

publisher = "Elsevier Inc.",

number = "7",

}

TY - JOUR

T1 - A novel method to value real options in health care

T2 - the case of a multicohort human papillomavirus vaccination strategy

AU - Marcellusi, Andrea

AU - Mennini, Francesco Saverio

AU - Favato, Giampiero

AU - Baio, Gianluca

AU - Capone, Alessandro

PY - 2013/7

Y1 - 2013/7

N2 - 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.

AB - 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.

KW - Health services research

UR - http://www.ncbi.nlm.nih.gov/pubmed/23806328

U2 - 10.1016/j.clinthera.2013.05.003

DO - 10.1016/j.clinthera.2013.05.003

M3 - Article

C2 - 23806328

SN - 0149-2918

VL - 35

SP - 904

EP - 914

JO - Clinical Therapeutics

JF - Clinical Therapeutics

IS - 7

ER -

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

Abstract

Keywords

Access to Document

Other files and links

Fingerprint

Cite this