Value of Information

Value of information quantifies the opportunity cost of uncertainty and aids in resource allocation and future research prioritization

Value of Information (VOI) quantifies how much information is worth before conducting further studies. Recent methodological advances have streamlined the use of VOI in practice.

The Collaborative Network for Value of Information Analysis (ConVOI) is an international collaboration focused on increasing the adoption of Value of Information in practice.

The ModEx project includes the capacity to compute EVPPI and EVSI in near real-time. ModEx uses recent advances in value of information developed by Linke Lee in collaboration with Dr. Anna Heath at SickKids and myself.

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References

2021

  1. Is further research on adult pneumococcal vaccine uptake improvement programs worthwhile? A value of information analysis
    Angela R Wateska, Mary Patricia Nowalk, Hawre Jalal, Chyongchiou J Lin, Lee H Harrison, William Schaffner, Richard K Zimmerman, and Kenneth J Smith
    Vaccine, 2021

2020

  1. Calculating the expected value of sample information in practice: considerations from 3 case studies
    Anna Heath, Natalia Kunst, Christopher Jackson, Mark Strong, Fernando Alarid-Escudero, Jeremy D Goldhaber-Fiebert, Gianluca Baio, Nicolas A Menzies, and Hawre Jalal
    Medical Decision Making, 2020
  2. Computing the expected value of sample information efficiently: practical guidance and recommendations for four model-based methods
    Natalia Kunst, Edward CF Wilson, David Glynn, Fernando Alarid-Escudero, Gianluca Baio, Alan Brennan, Michael Fairley, Jeremy D Goldhaber-Fiebert, Chris Jackson, Hawre Jalal, and  others
    Value in Health, 2020

2019

  1. The curve of optimal sample size (COSS): a graphical representation of the optimal sample size from a value of information analysis
    Eric Jutkowitz, Fernando Alarid-Escudero, Karen M Kuntz, and Hawre Jalal
    Pharmacoeconomics, 2019

2018

  1. GA.png
    A Gaussian approximation approach for value of information analysis
    Hawre Jalal, and Fernando Alarid-Escudero
    Medical Decision Making, 2018

2017

  1. Prioritizing future research on allopurinol and febuxostat for the management of gout: value of information analysis
    Eric Jutkowitz, Fernando Alarid-Escudero, Hyon K Choi, Karen M Kuntz, and Hawre Jalal
    Pharmacoeconomics, 2017

2015

  1. Computing expected value of partial sample information from probabilistic sensitivity analysis using linear regression metamodeling
    Hawre Jalal, Jeremy D Goldhaber-Fiebert, and Karen M Kuntz
    Medical Decision Making, 2015