Briggs, Andrew; Sculpher, Mark - In: PharmacoEconomics 13 (1998) 4, pp. 397-409
Markov models are often employed to represent stochastic processes, that is, random processes that evolve over time. In a healthcare context, Markov models are particularly suited to modelling chronic disease. In this article, we describe the use of Markov models for economic evaluation of...