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Validation of a DICE Simulation Against a Discrete Event Simulation Implemented Entirely in Code

Author

Listed:
  • Jörgen Möller

    (Evidera)

  • Sarah Davis

    (University of Sheffield)

  • Matt Stevenson

    (University of Sheffield)

  • J. Jaime Caro

    (McGill University
    Evidera)

Abstract

Background Modeling is an essential tool for health technology assessment, and various techniques for conceptualizing and implementing such models have been described. Recently, a new method has been proposed—the discretely integrated condition event or DICE simulation—that enables frequently employed approaches to be specified using a common, simple structure that can be entirely contained and executed within widely available spreadsheet software. To assess if a DICE simulation provides equivalent results to an existing discrete event simulation, a comparison was undertaken. Methods A model of osteoporosis and its management programmed entirely in Visual Basic for Applications and made public by the National Institute for Health and Care Excellence (NICE) Decision Support Unit was downloaded and used to guide construction of its DICE version in Microsoft Excel®. The DICE model was then run using the same inputs and settings, and the results were compared. Results The DICE version produced results that are nearly identical to the original ones, with differences that would not affect the decision direction of the incremental cost-effectiveness ratios (

Suggested Citation

  • Jörgen Möller & Sarah Davis & Matt Stevenson & J. Jaime Caro, 2017. "Validation of a DICE Simulation Against a Discrete Event Simulation Implemented Entirely in Code," PharmacoEconomics, Springer, vol. 35(10), pages 1103-1109, October.
  • Handle: RePEc:spr:pharme:v:35:y:2017:i:10:d:10.1007_s40273-017-0534-0
    DOI: 10.1007/s40273-017-0534-0
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