Phase-type aging modeling for health dependent costs

DOI10.1016/j.insmatheco.2015.03.005zbMath1318.91114OpenAlexW3123419786MaRDI QIDQ2347069

Guy Latouche, Maria Govorun, Stéphane Loisel

Publication date: 26 May 2015

Published in: Insurance Mathematics \& Economics (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/j.insmatheco.2015.03.005

zbMATH Keywords

net present valueMarkov reward modelcost of bad healthcost-effectiveness of a new treatmenthealth dependent costsphase-type aging process

Mathematics Subject Classification ID

Related Items (2)

Bivariate Sarmanov phase-type distributions for joint lifetimes modeling ⋮ Long-term care models and dependence probability tables by acuity level: new empirical evidence from Switzerland

Uses Software

• PhFit
• EMpht

Cites Work

• Modeling the effect of health: phase-type approach
• Estimation of medical costs by copula models with dynamic change of health status
• Recursions for compound phase distributions
• Introduction to Matrix Analytic Methods in Stochastic Modeling
• Physiological Age, Health Costs, and Their Interrelation
• Markov Aging Process and Phase-Type Law of Mortality
• The estimation of phase-type related functionals using Markov chain Monte Carlo methods
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