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

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To develop a web-based tool to automate the adjustment of estimates of costs drawn from previously published or unpublished studies to a specified target currency and price year.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

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Bibliographic Details
Published in:Evidence & policy 2010-01, Vol.6 (1), p.51-59
Main Authors: Shemilt, Ian, James, Thomas, Marcello, Morciano
Format: Article
Language:English
Subjects:
Adjustment
Collaboration
Conversion
Cost estimates
Costs
Currency
Datasets
Economic development
Economics
Exchange rates
GDP
Gross Domestic Product
Health care
Health care expenditures
Health economics
Health services
International economic organizations
Internet
Money
Price levels
Prices
Purchasing power
Purchasing power parity
Systematic review
Values
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Description
Summary: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To develop a web-based tool to automate the adjustment of estimates of costs drawn from previously published or unpublished studies to a specified target currency and price year.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.
ISSN:1744-2648
1744-2656
DOI:10.1332/174426410X482999