Non-Environmental Cost-Benefit News
A cost-related approach for evaluating drug development programs
09/30/04
A cost-related approach for evaluating drug development programs
Most pharmaceutical statisticians make a contribution to drug development at the study level by designing and analysing clinical studies. There is less involvement at the drug project level, especially when it comes to making a strategic decision for a drug development program. Motivated by the assessment of drug safety, this paper presents a new decision rule on whether or not to continue developing a new drug based on a cost function. The cost function takes into account both type I and type II errors in a decision making problem. It also incorporates both the cost and benefit from a drug development program. This cost-benefit approach enables company senior management to evaluate a drug program objectively and make decisions in a quantitative and rational manner. The probabilities of making correct decisions are illustrated by using a real data example.
by Eric C Yan and Ling Chen
Statistics in Medicine
September 30, 2004. Volume 23, Issue 18; page 2863
http://proquest.umi.com/pqdweb?did=794660671&sid=1&Fmt=2&clientId=13371&RQT=309&VName=PQD
http://www3.interscience.wiley.com/cgi-bin/jhome/2988
Pingbacks:
No Pingbacks for this post yet...
Search
Non-Environmental Cost-Benefit News
Non-Environmental Cost-Benefit News.
Categories
- All
- Economic Development (12)
- Education (5)
- Health (29)
- IT (7)
- Other (44)
- Transportation (4)
Archives
- November 2005 (1)
- May 2005 (4)
- April 2005 (10)
- March 2005 (11)
- February 2005 (14)
- January 2005 (15)
- December 2004 (21)
- November 2004 (13)
- October 2004 (1)
- September 2004 (3)
- May 2004 (1)
- March 2004 (1)
- More...
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
|---|---|---|---|---|---|---|
| << < | > >> | |||||
| 1 | 2 | |||||
| 3 | 4 | 5 | 6 | 7 | 8 | 9 |
| 10 | 11 | 12 | 13 | 14 | 15 | 16 |
| 17 | 18 | 19 | 20 | 21 | 22 | 23 |
| 24 | 25 | 26 | 27 | 28 | 29 | 30 |
| 31 | ||||||
Choose skin
Environmental Valuation & Cost-Benefit News
- 07/09/08: Launch of the “Little Green Data Book 2008”: Agricultural productivity to drop because of climate change, warns World Bank publication [en-US]
- 07/09/08: The Cost of Uncertain Life Span [en-US]
- 07/08/08: Procurement efficiency for infrastructure development and financial needs reassessed [en-US]
- 07/08/08: Climate Change and Economic Growth: Evidence from the Last Half Century [en-US]
- 07/08/08: IBERDROLA RENOVABLES expects to invest €18.8 billion and achieve net profit of €1 billion in 2012 [en-US]
- 07/08/08: Mayor Bloomberg Announces Long-Term Plan to Reduce Municipal Energy Consumption: Steering Committee Submits Plan to Achieve PlaNYC Goal to Reduce Greenhouse Gas Emissions in Municipal Buildings and Operations by 30 Percent by 2017 [en-US]
- 07/08/08: Europeans Reconsider Biofuel Goal [en-US]
- 07/08/08: The social discount rate : estimates for nine Latin American countries [en-US]
- 07/07/08: Biofuels for Transportation: A Climate Perspective [en-US]
- 07/07/08: Alternative World Energy Outlook (AWEO) and the role of hydrogen in a changing energy landscape [en-US]
- 07/07/08: Water pipelines across US breaking [en-US]
- 07/06/08: New Analysis: Return of New York Recycling a Money-Saver for City - Recycling Program Cuts City Costs & Global Warming Pollution [en-US]
- 07/06/08: State Energy Efficiency Analyses Show Positive Returns for Economic Growth and Job Creation: U.S. Energy Policy Assessment Can Benefit [en-US]
- 07/06/08: Japan Sees a Chance to Promote Its Energy-Frugal Ways [en-US]
- 07/06/08: Energy solutions for sports facilities [en-US]
- 07/06/08: Design and techno-economical optimization for hybrid PV/wind system under various meteorological conditions [en-US]
- 07/06/08: Consumption Side Agglomeration Economies in Japanese Cities [en-US]
- 07/06/08: The Carbon Age Book Launch [en-US]
- 07/06/08: Lieberman-Warner Bill Advances U.S. Climate Legislation Debate: ICF Study Shows Latest Revision to Bill Brings Down Allowance Prices by Over One Third [en-US]
- 07/05/08: Winners of the 2008 ENERGY STAR® CHP (Combined Heat and Power) Award: East Kansas Agri-Energy CHP System [en-US]
- 07/05/08: Cost-Benefit Analysis of Rainwater Harvesting [en-US]
- 07/05/08: Conservancy, Trust for Public Land to Purchase 320,000 Acres of Plum Creek Timber Land [en-US]
- 07/05/08: Co-benefits of Greenhouse Gas Mitigation Policies in China: An Integrated Top-Down and Bottom-Up Modeling Analysis [en-US]
- 07/05/08: Economic Costs of a Market-based Climate Policy [en-US]
- 07/05/08: Voluntary Corporate Environmental Initiatives and Shareholder Wealth [en-US]
- 07/05/08: Estimating the pre-harvest greenhouse gas costs of energy crop production [en-US]
- 07/04/08: Large-Scale Ecosystem Restoration: Five Case Studies from the United States [en-US]
- 07/04/08: Economic Insights of the Lieberman-Warner Bill: Review of Six Economic Modeling Analyses Reveals Important Policy Insights [en-US]
- 07/04/08: World Bank to Offer Index-based Weather Derivative Contracts: Malawi to be first country expected to benefit from innovative initiative [en-US]
- 07/04/08: Economic Growth and Threatened and Endangered Species Listings: A VAR Analysis [en-US]
- More posts...
XML Feeds