EVPI

AcronymDefinition
EVPIExpected Value of Perfect Information (operations management)
References in periodicals archive ?
The EVPI is derived by calculating, for each value of willingness to pay for a QALY, the mean of the 5,000 Monte Carlo simulations of the difference between the maximum incremental net benefit (INB) of the treatment comparators and the INB of the treatment comparator with the best overall ICUR.
WTP per QALY (Can$) Value of information $20,000 $30,000 $50,000 EVPI (Can$) 5.
The partial EVPIs (EVPPIs) provide the opportunity loss associated with each parameter, estimated using the quadrature method (Coyle and Oakley 2008).
Reducing periconceptional methylmercury exposure: cost-utility analysis for a proposed screening program for women planning a pregnancy in Ontario, Canada
15)($2500) EPUC = $1,575 Therefore, EVPI = EPUC - EMV = $1,575 - $800 = $775
Decision making in uncertainty (Part 1)
Additionally, we assessed the EVPI, and for which topics further research is most valuable.
The EVPI is the expected value of obtaining perfect knowledge of the "true" values of all parameters.
For the base case analysis, the uncertainty surrounding the decision whether or not to implement shared care resulted in an EVPI of 87 [euro] per person, given a ceiling ratio of 40,000 [euro].
Decision-analytic modeling to assist decision making in organizational innovation: the case of shared care in hearing aid provision
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