The CHOICE Institute welcomed Professor Emeritus Charles E. Phelps, PhD, for the 2019 CHOICE Institute Annual Symposium. Dr. Phelps provided an overview of multiple-criteria decision analysis (MCDA) methods.
“The CHOICE Institute was delighted to host Professor Emeritus Charles Phelps at the keynote speaker for the CHOICE Annual Symposium. Professor Phelps discussed alternative methods and challenges to conduct multi-criteria decision analysis and took the audience through an hand-on exercise. Understanding these tools are important for engaging with health technology assessment bodies and helping them develop a transparent assessment process when desired.” –Anirban Basu, Professor and Stergachis Family Endowed Director, The CHOICE Institute.
He discussed how to use MCDA in a budget-constrained decision context, and demonstrate potential uses for individuals. The seminar concluded with an exercise using alternative group choice mechanisms and a discussion of their merits.
Charles E. Phelps started his career at the RAND Corporation, working from 1971-1984, when he joined the University of Rochester as a professor and director of the public policy analysis program. He later became the provost of the University of Rochester until his retirement. He is an expert on health and health care economics.