Abstract
In this paper we present a review of stochastic trees, a convenient modeling approach for medical treatment decision analyses. Stochastic trees are a generalization of decision trees that incorporate useful features from continuous-time Markov chains. We also discuss StoTree, a freely available software tool for the formulation and solution of stochastic trees, implemented in the Excel spreadsheet environment.
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Hazen, G.B. Stochastic Trees and the StoTree Modeling Environment: Models and Software for Medical Decision Analysis. Journal of Medical Systems 26, 399–413 (2002). https://doi.org/10.1023/A:1016401115823
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DOI: https://doi.org/10.1023/A:1016401115823