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Markov models

Markov models represent a mathematic modelling method based on matrix calculus. A Markov model describes transitions of a cohort of patients between mutually exclusive and exhaustive health states in a series of subsequent cycles (i.e. time intervals between subsequent transitions from one state to another). This method makes it possible to model progression of a disease in time, which makes it especially useful for modelling of chronic diseases.

In a Markov model there is a finite number of possible states (e.g. Healthy, Diseased, Dead) with defined rules of transition between them. The important issue is that the chance of being in a specific state in a given cycle depends only on the state in which the patient was in the previous cycle and the rules of transition.

In Markov models the following aspects must be defined:

Utility depends on the time (the number of cycles) spent in a specific health state.

Types of Markov models

Two main types of Markov models are constructed: