An example of using computer simulation to predict pharmaceutical costs and outcomes

This paper summarizes the major forms of socioeconomic analysis, the examination of comparative costs and outcomes for new medical interventions. Socioeconomic analysis can be performed in prospective or retrospective studies as well as in computer simulations. The steps involved in developing a computer model to estimate the costs and outcomes of medical interventions are discussed, as well as the limitation of this technique. We conclude by presenting a recent example of socioeconomic analysis using computer simulation, a model examining a new asthma medication in comparison to current standard asthma therapy.