Pelletier, Christine and Chaussalet, Thierry J. and Xie, Haifeng (2005) A framework for predicting gross institutional long-term care cost arising from known commitments at local authority level. Journal of the Operational Research Society, 56 (2). pp. 144-152. ISSN 0160-5682
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Official URL: http://dx.doi.org/10.1057/palgrave.jors.2601892
As the UK population ages, it is forecasted that there will be an unsustainable increase in the need for, and therefore in the costs of long-term care. Although several studies have been performed to estimate these costs, they do not take into account the impact of survival patterns on costs. Focussing only on residents already in care (known commitments), we have developed, in association with an English local authority, a framework for estimating the future gross cost incurred by this group, built around a survival model. We apply this framework to forecast the cost over a given period of time, of maintaining a group of individuals in residential and nursing care, funded by the local authority. One of the novelties in the model is that it translates survival inputs and unit fees for care into cost in a manner, which was useful and meaningful to decision makers.
|Additional Information:||Online ISSN 1476-9360|
|Research Community:||University of Westminster > Electronics and Computer Science, School of|
|Deposited On:||01 Dec 2005|
|Last Modified:||19 Oct 2009 12:45|
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