A Bayesian approach to Markov modelling in cost-effectiveness analyses: Application to taxane use in advanced breast cancer


Journal Article

The paper demonstrates how cost-effectiveness decision analysis may be implemented from a Bayesian perspective, using Markov chain Monte Carlo simulation methods for both the synthesis of relevant evidence input into the model and the evaluation of the model itself. The desirable aspects of a Bayesian approach for this type of analysis include the incorporation of full parameter uncertainty, the ability to perform all the analysis, including each meta-analysis, in a single coherent model and the incorporation of expert opinion either directly or regarding the relative credibility of different data sources. The method is described, and its ease of implementation demonstrated, through a practical example to evaluate the cost-effectiveness of using taxanes for the second-line treatment of advanced breast cancer compared with conventional treatment. For completeness, the results from the Markov chain Monte Carlo simulation model are compared and contrasted with those from a classical Monte Carlo simulation model.

Full Text

Duke Authors

Cited Authors

  • Cooper, NJ; Abrams, KR; Sutton, AJ; Turner, D; Lambert, PC

Published Date

  • January 1, 2003

Published In

Volume / Issue

  • 166 / 3

Start / End Page

  • 389 - 405

International Standard Serial Number (ISSN)

  • 0964-1998

Digital Object Identifier (DOI)

  • 10.1111/1467-985X.00283

Citation Source

  • Scopus