Example of using computer simulation to predict pharmaceutical costs and outcomes

Michael T. Halpern, Ruth E. Brown, Dennis A. Revicki, Alkis G. Togias

Research output: Contribution to journalConference articlepeer-review

3 Scopus citations

Abstract

This paper summarizes the major forms of socioeconomic analysis, the examination of comparative costs and outcomes for new medical interventions. Socioeconomic analysis can be performed in prospective or retrospective studies as well as in computer simulations. The steps involved in developing a computer model to estimate the costs and outcomes of medical interventions are discussed, as well as the limitation of this technique. We conclude by presenting a recent example of socioeconomic analysis using computer simulation, a model examining a new asthma medication in comparison to current standard asthma therapy.

Original languageEnglish (US)
Pages (from-to)850-855
Number of pages6
JournalWinter Simulation Conference Proceedings
StatePublished - Dec 1 1994
EventProceedings of the 1994 Winter Simulation Conference - Buena Vista, FL, USA
Duration: Dec 11 1994Dec 14 1994

ASJC Scopus subject areas

  • Software
  • Modeling and Simulation
  • Safety, Risk, Reliability and Quality
  • Chemical Health and Safety
  • Applied Mathematics

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