English, Article, Journal or magazine article edition: The contribution of economic evaluation to decision-making in early phases of product development: a methodological and empirical review Susanne Hartz; Jürgen John

User activity

Share to:
 
Bookmark: http://trove.nla.gov.au/version/567
Physical Description
  • preprint
Language
  • English

Edition details

Title
  • The contribution of economic evaluation to decision-making in early phases of product development: a methodological and empirical review
Author
  • Susanne Hartz
  • Jürgen John
Physical Description
  • preprint
Notes
  • Background: Economic evaluation as an integral part of health technology assessment is today mostly applied to established technologies. Evaluating health care innovations in their early states of development has recently attracted attention. However, while it offers a number of benefits, it also holds methodological challenges. Objectives: The aim of our study was to investigate the possible contributions of economic evaluation to the industry?s decision making early in product development and to confront the results with findings from an empirical review of economic assessments using early data or covering emerging technologies. Methods: We conducted an explorative literature research to detect methodological contributions as well as economic evaluations that actually used data from early phases of product development. Complementarily, horizon scanning reports were investigated for emerging technologies that were researched for available economic evaluations. Results: Economic analysis can be beneficially used in early phases of product development for a variety of purposes including early market assessment, R&​D portfolio management and first estimations of pricing and reimbursement scenarios. A number of analytical tools available for these purposes have been identified. Numerous empirical works were detected, but most do not disclose any concrete decision context and could not be directly matched with the suggested applications. Conclusions: Industry can benefit from starting economic evaluation early in product development in a variety of ways. R&​D efficiency is enhanced, potentially successful products can be identified in time. Empirical evidence suggests that there is still potential left unused.
  • economic evaluation, early data, research and development, innovation
  • RePEc:jrp:jrpwrp:2007-094
Language
  • English
Contributed by
OAIster

Get this edition

Other links

  • Set up My libraries

    How do I set up "My libraries"?

    In order to set up a list of libraries that you have access to, you must first login or sign up. Then set up a personal list of libraries from your profile page by clicking on your user name at the top right of any screen.

  • All (1)
  • Unknown (1)
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.

User activity


e.g. test cricket, Perth (WA), "Parkes, Henry"

Separate different tags with a comma. To include a comma in your tag, surround the tag with double quotes.

Be the first to add a tag for this edition

Be the first to add this to a list

Comments and reviews

What are comments? Add a comment

No user comments or reviews for this version

Add a comment