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Autore principale: Mordaunt, Dylan A
Natura: Preprint
Pubblicazione: 2025
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Accesso online:https://arxiv.org/abs/2512.03596
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author Mordaunt, Dylan A
author_facet Mordaunt, Dylan A
contents Health economic evaluations are sensitive to the choice of analytical perspective (e.g., health system vs. societal). While guidelines often recommend specific perspectives, the uncertainty associated with this choice - and the potential decision discordance it creates - is rarely quantified. We present vop_poc_nz, a Python package that implements a framework for Distributional Cost-Effectiveness Analysis (DCEA) and operationalizes the quantification of perspective uncertainty through the Value of Perspective (VoP) metric. The package provides tools for Markov modeling, probabilistic sensitivity analysis, value of information analysis, and equity impact assessment. Unlike existing tools that treat perspective as a fixed input, vop_poc_nz allows for the simultaneous evaluation of multiple perspectives. This enables decision-makers to estimate the opportunity cost of perspective misalignment. We demonstrate the package's capabilities using case studies from Aotearoa New Zealand.
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publishDate 2025
record_format arxiv
spellingShingle vop_poc_nz: A Python Framework for Distributional Cost-Effectiveness and Value of Perspective Analysis
Mordaunt, Dylan A
General Economics
Economics
Health economic evaluations are sensitive to the choice of analytical perspective (e.g., health system vs. societal). While guidelines often recommend specific perspectives, the uncertainty associated with this choice - and the potential decision discordance it creates - is rarely quantified. We present vop_poc_nz, a Python package that implements a framework for Distributional Cost-Effectiveness Analysis (DCEA) and operationalizes the quantification of perspective uncertainty through the Value of Perspective (VoP) metric. The package provides tools for Markov modeling, probabilistic sensitivity analysis, value of information analysis, and equity impact assessment. Unlike existing tools that treat perspective as a fixed input, vop_poc_nz allows for the simultaneous evaluation of multiple perspectives. This enables decision-makers to estimate the opportunity cost of perspective misalignment. We demonstrate the package's capabilities using case studies from Aotearoa New Zealand.
title vop_poc_nz: A Python Framework for Distributional Cost-Effectiveness and Value of Perspective Analysis
topic General Economics
Economics
url https://arxiv.org/abs/2512.03596