4.4 Article

An Efficient Method for Computing Expected Value of Sample Information for Survival Data from an Ongoing Trial

Journal

MEDICAL DECISION MAKING
Volume 42, Issue 5, Pages 612-625

Publisher

SAGE PUBLICATIONS INC
DOI: 10.1177/0272989X211068019

Keywords

bayesian decision theory; computational methods; economic evaluation model; expected value of sample information; generalized additive model; model averaging; Monte Carlo methods; nonparametric regression; survival data

Funding

  1. Norwegian Research Council through NordForsk [298854]

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This article introduces a method for computing the expected value of sample information (EVSI) for extending an existing trial's follow-up, comparing two different methods and demonstrating their effectiveness. The regression-based method is fast and easy to implement, while the nested Monte Carlo procedure requires significantly more computational demand when considering model uncertainty.
Background Decisions about new health technologies are increasingly being made while trials are still in an early stage, which may result in substantial uncertainty around key decision drivers such as estimates of life expectancy and time to disease progression. Additional data collection can reduce uncertainty, and its value can be quantified by computing the expected value of sample information (EVSI), which has typically been described in the context of designing a future trial. In this article, we develop new methods for computing the EVSI of extending an existing trial's follow-up, first for an assumed survival model and then extending to capture uncertainty about the true survival model. Methods We developed a nested Markov Chain Monte Carlo procedure and a nonparametric regression-based method. We compared the methods by computing single-model and model-averaged EVSI for collecting additional follow-up data in 2 synthetic case studies. Results There was good agreement between the 2 methods. The regression-based method was fast and straightforward to implement, and scales easily included any number of candidate survival models in the model uncertainty case. The nested Monte Carlo procedure, on the other hand, was extremely computationally demanding when we included model uncertainty. Conclusions We present a straightforward regression-based method for computing the EVSI of extending an existing trial's follow-up, both where a single known survival model is assumed and where we are uncertain about the true survival model. EVSI for ongoing trials can help decision makers determine whether early patient access to a new technology can be justified on the basis of the current evidence or whether more mature evidence is needed.

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