A web-based tool for adjusting costs to a specific target currency and price year

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Abstract:

Objective: To develop a web-based tool to automate the adjustment of estimates of costs drawn from previously published or unpublished studies to a specified target currency and price year.

Methods: A web-based tool was programmed using C#, utilising GDP deflator index values and Purchasing Power Parities conversion rates produced by the International Monetary Fund and the Organisation for Economic Co-operation and Development.

Results: Version 1.0 is available at http://eppi.ioe.ac.uk/costconversion/default.aspx

Conclusions: The tool can be used as a first-line approach to cost adjustment in non-healthcare applications and as an optional approach in healthcare applications when use of more sophisticated methods is not feasible.

Keywords: COST ADJUSTEMENT; COSTS; DECISION MODELS; SYSTEMATIC REVIEW

Document Type: Research Article

DOI: http://dx.doi.org/10.1332/174426410X482999

Publication date: January 1, 2010

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