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Although concerns have been expressed about the use of cost utility analyses (CUA)[ 1, 2], the number of such analyses has increased in the past ten years[ 3].
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To accomplish the description of the optimization problem under consideration, we like to list some commonly used examples of cost (utility) functions.
The scores are used to generate quality-adjusted life years (QALY's) for use of cost-utility analysis.
When healthcare interventions have an impact on patients' health-related quality of life (HRQoL), several jurisdictions (e.g. Canada, UK) recommend the use of cost-utility analyses (CUAs) as the reference case [ 1].
A utility is a metric used in health economic evaluations to capture quality of life and is used as a basis of cost-utility analysis, the most common type of health economic evaluation used in health technology assessment.
However, the use of a cost-utility analysis using QALYs could capture the disutility of futile procedures and would permit comparisons with other health care interventions.
The EQ-5D is the measure recommended for use in the cost utility analysis of new interventions and treatments by the UK National Institute for Health and Care Excellence [ 12].
A secondary economic evaluation in the form of cost-utility analysis will be conducted using utility values obtained from the CHU-9D preference-based quality of life measure.
Mapping analysis provides a method for transforming condition-specific quality of life scores into utilities which can be used in Cost Utility Analysis.
The use of cost-effectiveness, especially cost-utility analysis is preferred [ 2].
There is an increasing demand on evaluating the outcome of health-care interventions using cost utility analysis (CUA), and various health regulatory bodies consider it the main approach for evaluating the outcome of health-care interventions [ 1].
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