2013
DOI: 10.1016/j.clinthera.2013.05.003
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A Novel Method to Value Real Options in Health Care: The Case of a Multicohort Human Papillomavirus Vaccination Strategy

Abstract: Background: A large number of economic evaluations have already confirmed the cost-effectiveness of different human papillomavirus (HPV) vaccination strategies. Standard analyses might not capture the full economic value of novel vaccination programs because the cost-effectiveness paradigm fails to take into account the value of active management. Management decisions can be seen as real options, a term used to refer to the application of option pricing theory to the valuation of investments in nonfinancial as… Show more

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Cited by 16 publications
(12 citation statements)
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“…Genital HPV infections are contracted through unprotected vaginal or anal sexual intercourse and skin-to-skin genital contact. HPV infections that result in oral or upper respiratory malignancies are mostly contracted through unprotected oral sex [3]. Most HPV infections are asymptomatic and resolve within a few months of exposure.…”
Section: Introductionmentioning
confidence: 99%
“…Genital HPV infections are contracted through unprotected vaginal or anal sexual intercourse and skin-to-skin genital contact. HPV infections that result in oral or upper respiratory malignancies are mostly contracted through unprotected oral sex [3]. Most HPV infections are asymptomatic and resolve within a few months of exposure.…”
Section: Introductionmentioning
confidence: 99%
“…Such valuation methodologies incorporate the value of future new information in the current analyses. The articles in the portfolio report real-options applications in proton therapy adoption analysis [ 44 , 45 ] and help formulate better human papillomavirus vaccination strategies [ 47 ]. Surprisingly, none of the articles using real-options analysis incorporated uncertainty correlations among the bundles of technologies.…”
Section: Resultsmentioning
confidence: 99%
“…This term was not found in the traditional literature of real option, however face discuss present by the author this terms seems more appropriated. Favato et al (2013) applied the payoff method to determine the real option values of four different HPV vaccination strategies. Accordint to authors, the payoff method presented distinctive advantages in the valuation of the costeffectiveness of competing health care interventions.…”
Section: Discussionmentioning
confidence: 99%
“…In 2011 Sengupta and Kreier (2011) It was in 2013 the year with the most research about ROT in health. Favato, Baio, Capone, Marcellusi and Mennini (2013) discuss the potential advantages demonstrated by using the payoff method to evaluate the cost-effectiveness of competing HPV immunization programs. Wernz, Gehrke and Ball (2013) presented the application of Real Options analysis Milena de Cássia Rocha, Márcio Augusto Gonçalves, Yuri Lawryshyn to a managerial decision-making problem.…”
Section: Real Options Theory In Healthmentioning
confidence: 99%