21 Aug ealth Care Finance: Week 6 Sensitivity Analysis Repot: Chapters 16 to 18
ealth Care Finance: Week 6
Sensitivity Analysis Repot: Chapters 16 to 18
Objective: To provide an overview of a Sensitivity analysis that is a “what if “Proposition, It answers questions about what may happen if major assumptions changes. Sensitivity analysis allows a reviewer to assess the impact that changes in a certain parameter will have on the model’s conclusions.
● Sensitivity analysis can help the reviewer to determine which parameters are the key drivers of a model’s results.
● By reporting extensive outputs from sensitivity analysis, modelers are able to consider a wide range of scenarios and, as such, can increase the level of confidence that a reviewer will have in the model.
ASSIGNMENT GUIDELINES (10%):
Sensitivity Analysis Repot. For this assignment, you will create, describe, Organize, analyze and, present a Sensitivity Analysis Repot: provides a useful technique to quantify the level of confidence that a decision-maker has in the conclusions of an economic evaluation.
While economic models are a useful tool to aid decision-making in healthcare, there remain several types of uncertainty associated with this method of analysis.
● One-way sensitivity analysis allows a reviewer to assess the impact that changes in a certain parameter will have on the model’s conclusions.
● Sensitivity analysis can help the reviewer to determine which parameters are the key drivers of a model’s results.
The paper will be 4-5 pages long. . Each paper must be typewritten with 12-point font and double-spaced with standard margins. Follow APA format when referring to the selected articles and include a reference page.
EACH PAPER SHOULD INCLUDE THE FOLLOWING:
1. Introduction (30%) Provide a short-lived outline of the meaning (not a description) of Chapter 17 and articles you read, in your own words.
2. Your Sensitivity Analysis Report (50%)
a. Objectives of the report
b. One-way sensitivity analysis: The simplest form of sensitivity analysis is to simply vary one value in the model by a given amount, and examine the impact that the change has on the model’s results.
c. Sensitivity analysis Tools.
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