Cost-Effectiveness Analysis of COVID-19 Case Quarantine Strategies in Two Australian States: New South Wales and Western Australia
2. Literature Review
3. Data and Methods
3.1. Decision Tree Model for Cost-Effectiveness Analysis
3.2. Simulation Model: Age Distribution of Household Members
4. Results and Discussion
4.1. Simulated Households
4.2. Estimating the Isolation Cost
Institutional Review Board Statement
Informed Consent Statement
Data Availability Statement
Conflicts of Interest
The Python program of the simulation model can be accessed from https://github.com/nicgeard/sim-demog (accessed on 16 July 2020).
There is no household infection within the individual households.
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|NSW||AU$3000.00 per person|
|WA||AU$2520.00 per person|
|Household Secondary Attack Rate (HSAR)||25.03%|
|Age-dependent Hospitalisation (ICU Requirement) Rate:|
|Ward Stay: Median|
|ICU Stay: Median|
|Ward Cost||AU$1800 per night|
|ICU Cost||AU$5000 per night|
|Initial population size||4,496,259||2,971,159||1,847,107||620,972||Australian Bureau of Statistics (2016)|
|Mortality probabilities||By year of age||Australian Bureau of Statistics (2016)|
|Fertility probabilities||By year of age||Australian Bureau of Statistics (2016)|
|Birth gap||mean: 365 days; SD: 90 days||Geard et al. (2013)|
|Couple formation parameters||age range: 18–60 years; annual probability: 7.5%||Geard et al. (2013)|
|Partner age difference||mean: 2 years; SD: 2 years||Geard et al. (2013)|
|Couple dissolution parameters||age range: 18–60; annual probability: 1.5%||Geard et al. (2013)|
|Leaving home parameters||minimum age: 18; annual probability: 0.8%||Geard et al. (2013)|
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Melia, A.; Lee, D.; Mahmoudi, N.; Li, Y.; Paolucci, F. Cost-Effectiveness Analysis of COVID-19 Case Quarantine Strategies in Two Australian States: New South Wales and Western Australia. J. Risk Financial Manag. 2021, 14, 305. https://doi.org/10.3390/jrfm14070305
Melia A, Lee D, Mahmoudi N, Li Y, Paolucci F. Cost-Effectiveness Analysis of COVID-19 Case Quarantine Strategies in Two Australian States: New South Wales and Western Australia. Journal of Risk and Financial Management. 2021; 14(7):305. https://doi.org/10.3390/jrfm14070305Chicago/Turabian Style
Melia, Adrian, Doowon Lee, Nader Mahmoudi, Yameng Li, and Francesco Paolucci. 2021. "Cost-Effectiveness Analysis of COVID-19 Case Quarantine Strategies in Two Australian States: New South Wales and Western Australia" Journal of Risk and Financial Management 14, no. 7: 305. https://doi.org/10.3390/jrfm14070305