Constructing confidence intervals for cost-effectiveness ratios: an evaluation of parametric and non-parametric techniques using Monte Carlo simulation

1999 ◽  
Vol 18 (23) ◽  
pp. 3245-3262 ◽  
Author(s):  
Andrew H. Briggs ◽  
Christopher Z. Mooney ◽  
David E. Wonderling
Author(s):  
D Brujic ◽  
M Ristic

Accurate dimensional inspection and error analysis of free-form surfaces requires accurate registration of the component in hand. Registration of surfaces defined as non-uniform rational B-splines (NURBS) has been realized through an implementation of the iterative closest point method (ICP). The paper presents performance analysis of the ICP registration method using Monte Carlo simulation. A large number of simulations were performed on an example of a precision engineering component, an aero-engine turbine blade, which was judged to possess a useful combination of geometric characteristics such that the results of the analysis had generic significance. Data sets were obtained through CAD (computer aided design)-based inspection. Confidence intervals for estimated transformation parameters, maximum error between a measured point and the nominal surface (which is extremely important for inspection) mean error and several other performance criteria are presented. The influence of shape, number of measured points, measurement noise and some less obvious, but not less important, factors affecting confidence intervals are identified through statistical analysis.


Production ◽  
2008 ◽  
Vol 18 (3) ◽  
pp. 598-608 ◽  
Author(s):  
Sueli Aparecida Mingoti ◽  
Fernando Augusto Alves Glória

In this paper a comparison between Mingoti and Glória's (2003) and Niverthi and Dey's (2000) multivariate capability indexes is presented. Monte Carlo simulation is used for the comparison and some confidence intervals were generated for the true capability index by using bootstrap methodology.


2000 ◽  
Vol 18 (2) ◽  
pp. 287-287 ◽  
Author(s):  
James A. Hayman ◽  
Bruce E. Hillner ◽  
Jay R. Harris ◽  
Lori J. Pierce ◽  
Jane C. Weeks

PURPOSE: Electron-beam boosts (EBB) are routinely added after conservative surgery and tangential radiation therapy (TRT) for early-stage breast cancer. We performed an incremental cost-utility analysis to evaluate their cost-effectiveness. METHODS: A Markov model examined the impact of adding an EBB to TRT from a societal perspective. Outcomes were measured in quality-adjusted life years (QALYs). On the basis of the Lyon trial, the EBB was assumed to reduce local recurrences by approximately 2% at 10 years but to have no impact on survival. Patients’ utilities were used to adjust for quality of life. Given the small absolute benefit of the EBB, baseline utilities were assumed to be the same with or without it, an assumption evaluated by Monte Carlo simulation. Direct medical, time, and travel costs were considered. RESULTS: Adding the EBB led to an additional cost of $2,008, an increase of 0.0065 QALYs and, therefore, an incremental cost-effectiveness ratio of over $300,000/QALY. In a sensitivity analysis, the ratio was moderately sensitive to the efficacy and cost of the EBB and highly sensitive to patients’ utilities for treatment without it. Even if patients do value a small risk reduction, the mean cost-effectiveness ratio estimated by the Monte Carlo simulation remains high, at $70,859/QALY (95% confidence interval, $53,141 to $105,182/QALY). CONCLUSION: On the basis of currently available data, the cost-effectiveness ratio for the EBB is well above the commonly cited threshold for cost-effective care ($50,000/QALY). The EBB becomes cost-effective only if patients place an unexpectedly high value on the small absolute reduction in local recurrences achievable with it.


2012 ◽  
Vol 65 (11) ◽  
pp. 1200-1211 ◽  
Author(s):  
Michael C. David ◽  
Mark Bensink ◽  
Hideki Higashi ◽  
Maria Donald ◽  
Rosa Alati ◽  
...  

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