Decision analytic model |
A framework for compiling clinical and economic evidence in a systematic fashion, determining your product’s value, and communicating that value to decision makers. |
Grosse et al. (2016); Prosser et al. (2013), Prosser et al. (2018)
www.treeage.com
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Markov Model |
A mathematical model using the probabilities of different health states and the rates of transitions among them to recognize patterns, make predictions and to apply the statistics of sequential data. |
Chan et al. (2011)
www.treeage.com
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Discrete Event Simulation Model |
A method of simulating the behavior and performance of a real-life process, facility, or system. |
Salleh et al. (2017)
www.mathworks.com
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Microsimulation model |
A method of using individual-based state-transition models to reflect individual clinical pathways, incorporate the impact of history on future events, and capture the variation in patients’ characteristics at baseline. |
Verkleij et al. (2021)
www.treeage.com
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Agent-based model |
A computational model for simulating the actions and interactions of autonomous agents in order to understand the behavior of a system and what governs its outcomes. |
Tracy et al. (2018)
www.anylogic.com
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System dynamic models |
A computer-aided approach for strategy and policy design, which can portray processes of accumulation and feedback and that may be tested systematically to find effective policies for overcoming policy resistance. |
Yu et al. (2019)
https://systemdynamics.org
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System thinking models |
A way of approaching problems that asks how various elements within a system, (which could be an ecosystem, an organization, or something more dispersed such as a supply chain) can influence one another. |
Carey et al. (2015)
www.vensim.com
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