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Stochastic trees and the StoTree modeling environment: models and software for medical decision analysis
1IE/MS Department, Northwestern University, Evanston, Illinois 60208, USA.
Abstract:
In this paper we present a review of stochastic trees, a convenient modeling approach for medical treatment decision analyses. Stochastic trees are a generalization of decision trees that incorporate useful features from continuous-time Markov chains. We also discuss StoTree, a freely available software tool for the formulation and solution of stochastic trees, implemented in the Excel spreadsheet environment.
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