Abstract
Despite its frequent use in engineering, industry and commerce, Value of Information (VOI) Analysis is a recent development in health care research. In this chapter, we will discuss the techniques and mathematical basis of VOI Analysis. We will discuss how VOI Analysis can be used to evaluate future research and how it has the potential to inform and refine the design of future studies. Finally, we will discuss the challenges and limitations of this emerging field of research.
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Abbreviations
- HTA:
-
Health Technology Assessment Programme
- NMB:
-
Net monetary benefit
- NICE:
-
National Institute of Clinical and Healthcare Excellence
- EVPI:
-
Expected value of perfect information
- EVPPI:
-
Expected value of partial perfect information
- EVSI:
-
Expected value of sample information
- ENBS:
-
Expected net benefit of sampling
- PEVPI:
-
Population expected value of perfect information
- PEVPPI:
-
Population expected value of partial perfect information
- UK:
-
United Kingdom
- VOI:
-
Value of information
- WTP:
-
Willingness-to-pay threshold
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Rao, C., Athanasiou, T. (2010). Value of Information Analysis. In: Athanasiou, T., Debas, H., Darzi, A. (eds) Key Topics in Surgical Research and Methodology. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-540-71915-1_33
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DOI: https://doi.org/10.1007/978-3-540-71915-1_33
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