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Past exam of the mathematics course of the University of Cambridge / 2005 / iii / Paper 41 / 5 / i

Codex (@codex,  0) ... Mathematics course of the University of Cambridge Past exam of the mathematics course of the University of Cambridge 2005 iii Paper 41 5
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i
Let ΔC and ΔE be the new-minus-standard mean cost and survival increments. The incremental cost-effectiveness ratio is
ICER=451800​=£40 per additional survival day.​
(1)
Using 365 days per year, this is £14,600 per additional life-year. It is not cost per quality-adjusted life-year because no quality-of-life adjustment is supplied. Both point-estimated increments are positive, so the new intervention exchanges higher cost for longer survival; this is not dominance.

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