Tools
Tools
Wilson, Edward C. F. 
ORCID: https://orcid.org/0000-0002-8369-1577
(2015)
A practical guide to value of information analysis.
PharmacoEconomics, 33 (2).
pp. 105-121.
ISSN 1170-7690
Abstract
Value of information analysis is a quantitative method to estimate the return on investment in proposed research projects. It can be used in a number of ways. Funders of research may find it useful to rank projects in terms of the expected return on investment from a variety of competing projects. Alternatively, trialists can use the principles to identify the efficient sample size of a proposed study as an alternative to traditional power calculations, and finally, a value of information analysis can be conducted alongside an economic evaluation as a quantitative adjunct to the ‘future research’ or ‘next steps’ section of a study write up. The purpose of this paper is to present a brief introduction to the methods, a step-by-step guide to calculation and a discussion of issues that arise in their application to healthcare decision making. Worked examples are provided in the accompanying online appendices as Microsoft Excel spreadsheets.
| Item Type: | Article |
|---|---|
| Uncontrolled Keywords: | payoff,posterior variance,decision uncertainty,monte carlo error,opportunity loss,pharmacology,health policy,public health, environmental and occupational health,sdg 3 - good health and well-being ,/dk/atira/pure/subjectarea/asjc/3000/3004 |
| Related URLs: | |
| Depositing User: | LivePure Connector |
| Date Deposited: | 12 Nov 2018 11:31 |
| Last Modified: | 05 Jul 2023 11:30 |
| URI: | https://ueaeprints.uea.ac.uk/id/eprint/68835 |
| DOI: | 10.1007/s40273-014-0219-x |
Actions (login required)
 |
View Item |