Decision AnalysisDecision-Analytic Approach, Decision Modelling Framework
In health economics, a systematic quantitative approach to choosing among options under uncertainty by modelling their expected costs and consequences.
Economic Modelling
Terms for building and checking decision models, including decision trees, Markov models and simulation methods.
- Topic: Economic Modelling
- 40 terms
- Editor reviewed
Decision NodeChoice Node, Decision Point
A point in a decision tree at which a choice must be made between two or more strategies, unlike a chance node.
Decision TreeTree Model, Branching Decision Model
A decision tree is a branching decision-analytic model that represents choices, uncertain events and terminal outcomes so the expected costs and consequences of alternative strategies can be calculated.
Discrete Event SimulationDES, Event-Driven Simulation
Discrete event simulation, or DES, represents a system as a sequence of events that occur at particular points in simulated time.
Double ProgrammingIndependent Reprogramming, Parallel Programming Check
A quality assurance technique in which two analysts independently build the same model, with any discrepancies between the versions investigated and resolved.
Dynamic Transmission ModelDTM, Dynamic Infection Model
A dynamic transmission model represents how an infectious disease spreads through a population while the risk of infection changes with the number and characteristics of infectious people.