3 December 2019 - Over the last decade, an increasing literature has been highlighting the benefits of introducing multi-criteria decision analysis in healthcare decision processes, including the emerging ISPOR Good Practices Task Force.
Based on decision theory dating back to the 1960s, multi-criteria decision analysis constitutes a tool to address complex decisions involving multiple criteria, especially where other methods fail to consider more than the outcome of interest.
A set of criteria is first established; weights and scores are combined with performance data for each alternative. This allows for the generation of an estimate of the relative value of alternative courses of action.