The cost-effectiveness acceptability curve (CEAC) is a graph summarising the impact of uncertainty on the result of an economic evaluation, frequently expressed as an ICER (incremental cost-effectiveness ratio) in relation to possible values of the cost-effectiveness threshold. The graph plots a range of cost-effectiveness thresholds on the horizontal axis against the probability that the intervention will be cost-effective at that threshold on the vertical axis. It can usually be drawn directly from the (stored) results of a probabilistic sensitivity analysis. The CEAC helps the decision-maker to understand the uncertainty associated with making a particular decision to approve or reject a new heath technology.
How to cite: Cost-Effectiveness Acceptability Curve (CEAC) [online]. (2016). York; York Health Economics Consortium; 2016. https://yhec.co.uk/glossary/cost-effectiveness-acceptability-curve-ceac/