Theoretical Approach to Health State Modeling

Christos H. Skiadas and Charilaos Skiadas
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Christos H. Skiadas: ManLab, Technical University of Crete
Charilaos Skiadas: Hanover College, Department of Mathematics/Computer Science

Chapter Chapter 11 in Exploring the Health State of a Population by Dynamic Modeling Methods, 2018, pp 233-237 from Springer

Abstract: Abstract A theoretical approach to Health State modeling is presented. The general model is analytically derived according to the first exit time or hitting time theory for a stochastic process crossing a barrier. The derivation lines follow the transition probability densities from the Fokker-Planck equation. Then we find the probability density form and the first and second approximation of the first exit time densities.

Date: 2018
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Persistent link: https://EconPapers.repec.org/RePEc:spr:ssdmcp:978-3-319-65142-2_11

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DOI: 10.1007/978-3-319-65142-2_11

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