When BenMAP runs theAPV Configuration, it will generate a valuation result for each
valuation method you select by running the valuation method’s valuation functions on the
incidence results for which they were selected. You do not need to select valuation methods for
every incidence result - incidence results without any valuation methods will simply be ignored
when valuation results are generated, aggregated, and pooled.
Because valuation functions have uncertainty associated with them, generating valuation results is
fairly complicated. The procedure used depends on whether the incidence results being used
were generated in Point Mode or with Latin Hypercube Points (see thechapter on Incidence
Aggregation, Pooling, and Valuation
BenMAP User's Manual 184 October 2012
Estimation for details on Point Mode and Latin Hypercube Points).
InPoint Mode, BenMAP simply runs the valuation functions once using the point estimate of the
incidence result and the mean of the valuation function as inputs.
WithLatin Hypercube Points, on the other hand, BenMAP generates one hundred percentile
points (from the 0.5th percentile to the 99.5th percentile) to represent the distribution of the
inputs to the valuation function. To get the value of the health incidence, BenMAP multiplies each
combination of values from the incidence result, Latin Hypercube, with each of the hundred
valuation points, and puts the results into a holding container. (For example, if the incidence
result has 10 Latin Hypercube Points and there are 100 valuation points, then the holding
container will have 1,000 values.) Finally, the holding container is sorted low to high and binned
back down to 100 Latin Hypercube points (representing the 0.5th percentile to the 99.5th
percentile of the economic value of the incidence).
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deutsch: DIS CUS DES RAD
castellano: DIS CUS DES RAD english: DIS CUS DES RAD
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