Practical Application

PharmacoEconomics

, Volume 26, Issue 2, pp 131-148

First online:

Modelling Methods for Pharmacoeconomics and Health Technology Assessment

An Overview and Guide
  • James E. StahlAffiliated withMGH — Institute for Technology Assessment, Massachusetts General Hospital Email author 

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Abstract

This paper provides an overview of, and guidance as to when, why and how to choose and use, different simulation modelling methods as applied to healthcare. What simulation is and why it is necessary in addressing healthcare problems are discussed. In addition, key criteria for choosing an appropriate method (project type, population resolution, interactivity, treatment of time and space, resource constraints, autonomy and how knowledge is embedded) are covered. Key concepts for each method, moving from the simplest to most complex methods, are reviewed in some detail.