Literature DB >> 22609138

Value of information methods for planning and analyzing clinical studies optimize decision making and research planning.

Andrew R Willan1, Ron Goeree, Kathy Boutis.   

Abstract

OBJECTIVE: The results of two randomized clinical trials (RCTs) demonstrate the clinical effectiveness of alternatives to casting for certain ankle and wrist fractures. We illustrate the use of value of information (VOI) methods for evaluating the evidence provided by these studies with respect to decision making. STUDY DESIGN AND
SETTING: Using cost-effectiveness data from these studies, the expected value of sample information (EVSI) of a future RCT can be determined. If the EVSI exceeds the cost of the future trial for any sample size, then the current evidence is considered insufficient for decision making and a future trial is considered worthwhile. If, on the other hand, there is no sample size for which the EVSI exceeds the cost, then the evidence is considered sufficient, and no future trial is required.
RESULTS: We found that the evidence from the ankle study was insufficient to support the adoption of the removable device and determined the optimal sample size for a future trial. Conversely, the evidence from the wrist study was sufficient to support the adoption of the removable device.
CONCLUSIONS: VOI methods provide a decision-analytic alternative to the standard hypothesis testing approach for assessing the evidence provided by cost-effectiveness studies and for determining sample sizes for RCTs.
Copyright © 2012 Elsevier Inc. All rights reserved.

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Year:  2012        PMID: 22609138     DOI: 10.1016/j.jclinepi.2012.01.017

Source DB:  PubMed          Journal:  J Clin Epidemiol        ISSN: 0895-4356            Impact factor:   6.437


  8 in total

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7.  Value of Information Analysis Informing Adoption and Research Decisions in a Portfolio of Health Care Interventions.

Authors:  Haitham W Tuffaha; Louisa G Gordon; Paul A Scuffham
Journal:  MDM Policy Pract       Date:  2016-07-07

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  8 in total

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