An example of a Markov model was the CEA of drug eluting stents versus bare metal stents for
coronary artery disease [16], where the trial data was used to estimate short term outcomes and a
Markov model was used to estimate longer term costs and outcomes. In this study the authors conducted
both a CEA and CUA using trial data for the short term costs and outcomes and a Markov model
for estimating longer term costs and outcomes.