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DOI: 10.3310/hta17010 Health Technology Assessment 2013 Vol. 17 No. 1TABLE 60 Threshold <strong>analysis</strong> to identify the cut-<strong>of</strong>f risksThreshold(£/QALY)Risk <strong>of</strong> nonfatalMIRisk <strong>of</strong> death20,000 0.023 0.005730,000 0.016 0.00411.0Probability <strong>of</strong> cost-effectiveness0.90.80.70.60.50.40.30.20.10.00510 15 20 25 30 35 40Willingness-to-pay threshold (£000)4550No TestingETTHFABPCTCAICAFIGURE 41 Probability <strong>of</strong> cost-effectiveness <strong>of</strong> strategies using data from Mills. 1551.21.0Probability <strong>of</strong> cost-effectiveness0.80.60.40.200 20 40 60 80100120 140 160No testingETTHFABPCTCAICA–0.2MAICER (£000)FIGURE 42 Probability <strong>of</strong> cost-effectiveness <strong>of</strong> strategies using RATPAC data. 12 MAICER, maximum acceptableincremental cost-effectiveness ratio.i.e. if the population EVPI exceeds the expected costs <strong>of</strong> additional research then it is potentially costeffectiveto conduct further research.Partial EVPI provides the value <strong>of</strong> reducing the uncertainty surrounding particular input parameters in thedecision model <strong>and</strong> this can be used to identify the parameters for which more precise estimates would bemost valuable to focus further research. However, this is computationally expensive for complex models.© Queen’s Printer <strong>and</strong> Controller <strong>of</strong> HMSO 2013. This work was produced by Goodacre et al. under the terms <strong>of</strong> a commissioning contract issued by the Secretary <strong>of</strong> Statefor Health. This issue may be freely reproduced for the purposes <strong>of</strong> private research <strong>and</strong> study <strong>and</strong> extracts (or indeed, the full report) may be included in pr<strong>of</strong>essional journalsprovided that suitable acknowledgement is made <strong>and</strong> the reproduction is not associated with any form <strong>of</strong> advertising. Applications for commercial reproduction should beaddressed to: NIHR Journals Library, National Institute for Health Research, Evaluation, Trials <strong>and</strong> Studies Coordinating Centre, Alpha House, University <strong>of</strong> Southampton SciencePark, Southampton SO16 7NS, UK.103

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