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HDS Monte Carlo - Decision Analysis Tree
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Monte Carlo - Decision Analysis Tree

(C) Health Decision Strategies, LLC.


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Data Entry Page


You can change the "X" and "Y" values in the yellow boxes on the right side of this page.
Then hit "Submit".
Results will be in blue boxes on the next page.
                     

   
Enter Max WTP for CEAC Graph (Acceptability Curve) That Will Appear on Results Page

Parameter Stochastic Deterministic Excel Stochastic Formula
(Defaults)
Modify X and Y values in "(RAND(),X,Y)" formulas  

 
Cost of success with A 1,000  
Cost of success with B
 
Cost of failure with A 200  
Cost of failure with B 500
Probability of successful treatment with A 0.6
Probability of successful treatment with B 0.9  
Utilities associated with treatment success 0.8  
Utilities associated with treatment failure 0.6
 
 
 

Below are samples of output graphics from the calculations.
The decision tree shows determinisitic results, using the default values.
Deterministic Tree
ICER Quadrants Acceptability Curve




Sources: Calculations suggested from Hughes, D. Chapter 9
"Modelling in Health Economics" in Pharmacoeconomics.
Walley, Haycox, Boland (eds). Publisher: Churchill Livingstone, 2003.