Variance reduction for sensitivity estimates obtained from regenerative simulation

Monte Carlo probabilistic sensitivity an

Monte Carlo probabilistic sensitivity analysis for patient level simulation models: efficient estimation of mean and variance using ANOVA

✍ Anthony O'Hagan; Matt Stevenson; Jason Madan 📂 Article 📅 2007 🏛 John Wiley and Sons 🌐 English ⚖ 185 KB

## Abstract Probabilistic sensitivity analysis (PSA) is required to account for uncertainty in cost‐effectiveness calculations arising from health economic models. The simplest way to perform PSA in practice is by Monte Carlo methods, which involves running the model many times using randomly sampl