Create an ice scatterplot

Assignment Help Public Economics

Reference no: EM1367282

Required to conduct PSA using the decision-tree from the Patel case study (i.e. the rotavirus vaccination case study). Please follow the instructions below to modify your model, conduct PSA and answer the questions.

Step 1. Modify the tree model

Run the model and note your base case results. Based on a Tornado Diagram from the model, we have selected important variables for PSA. (You do not need to run the Tornado analysis). Please convert these variables to distributions. The distribution type and input parameters are reported in Table 1 below.Calculate the likeliest values. (Hint: μ = [(a + b + c)/3]

Step 2. Calculate the ICER again

After completing the new tree, report your base-case ICER in Table 2- hint: set Preference as Cost-Effectiveness, then Analysis >> Cost-Effectiveness.

Step 3. Conduct PSA and report the results. Use: 10,000 iterations with baseline: current practice & comparator: national program

a. Create an ICE scatterplot (turn in).

b. Explain your scatterplot.Which quadrant do most of your iterations fall into?What does this mean?

c. Plot the ICER distribution graph (turn in).

d. Report the ICER distribution statistics in the Table 3 below.

e. Explain your graph.

f. Plot the acceptability curves with a willingness to pay of $20,000 (turn in).

g. If the WTP in Pakistan is 6000 $/death averted, what is the probability that the national program will be cost-effective? What if the WTP is 10000 $/death averted?

h. Explain the figure in general terms.

Table 1. Variables and distributions for the PSA
Variable Name	Description	Baseline	Distribution	Min	Max	likeliest
*Epidemiology inputs*
pRVInfected	RVGE cumulative incidence for 5 years	0.663	Triangular	0.5	0.9
pDieOfRVGE	RVGE case-fatality ratio	0.006	Triangular	0.001	0.01
pEfficacy	Vaccine Efficacy	0.483	Triangular	0.223	0.661
pCurVaccineCoverage	Current rotavirus vaccine coverage	0.06	Triangular	0.01	0.1
pExpVaccineCoverage	Expected vaccine coverage (national programs)	0.85	Triangular	0.65	1
pHomeCare	Patients get home care	0.888	Triangular	0.7	1
pFormalOutpatient	Among those with formal care, the proportion of getting outpatient care	0.6875	Triangular	0.5	0.9
*Cost Inputs*
cUnitVaccine	Unit cost for the vaccine	5	Triangular	1	7.5
cHospitalization	Hospitalization cost (4-day stay)	33.4	Triangular	25.05	41.75

Table 2. PSA Results

Strategy	Cost	Incr Cost	Effectiveness	IncrEff	ICER
Current practice
National Program

Are the results the same from the model prior to your entering the distributions?

Table 3: PSA ICER results

	Mean	SD	Median	95% Confidence Intervals
				2.5%	97.5%
ICER

Reference no: EM1367282

Questions Cloud

Earth would weigh how much on neptune : A proton is initially at rest at a point where the potential is 455V. Sometime later the proton is at a point where the potential is 191V. If no force but the electrostatic force acts on the proton, what is its final kinetic energy.

Innovation for nursing practice : Create an innovation for nursing practice that you would like to see your peers adopt.

How long does it take to decrease the capacitors charge : Two positive point charges are a fixed distance apart. The sum of their charges is QT. What charge should each have in order to (a) maximize an electric force between them, and (b) minimize it.

Determine companies which specialize in computer forensics : What needs clarified? it's plainly stated use google to find 3 companies which specialize in computer forensics of those 3 companies write 2 or 3 paragraphs comparing what each company does.

Create an ice scatterplot : Create an ICE scatterplot and explain your scatterplot.Which quadrant do most of your iterations fall into?What does this mean?

How the suitcase drops out of the luggage compartment : A car travelling at 16 m/s runs out of gas while travelling up a 21 degree slope. How far up the hill would it coast before starting to roll back down.

Technology play in anticipating and managing crisis : What role does technology play in anticipating and managing crisis? What can leaders do in the future to be more effective in a similar situation?

Description of pricing strategy : Determine your optimal pricing strategy if you and your rival believe that the new Jeep is a "special edition" that will be sold only for one year. Would your answer differ if you and your rival were required to resubmit price quotes year after ye..

Write primary advantage of deterministic local area network : Write the primary advantage of a deterministic local area network protocol over a nondeterministic local area network protocol.Give a real-life example of this advantage.

User Account

All Pages