Research in Progress (RIP): "Multi-Criteria Decision Analysis: Expanding the Frontier in Economic Evaluation"
Tracy Liu, Kaiser Permanente Northern California
Guru Madhavan, Institute of Medicine, National Academy of Sciences
Charles E. Phelps, University of Rochester
Date and Time
January 14, 2015 4:00 PM - 5:00 PM
All research in progress seminars are off-the-record. Any information about methodology and/or results are embargoed until publication.
Multi-criteria decision analysis enables the user to explicitly consider multiple attributes of a decision, including qualitative factors. This technique was first developed by management scientists and has been endorsed by the European Medicines Agency. It has the potential to transcend some of the limitations of traditional cost-effectiveness analysis. We worked together on an Institute of Medicine committee that produced SMART Vaccines (Strategic Multi-Attribute Ranking Tool for Vaccines) -- a pioneering decision-support software tool to help prioritize new vaccines for development. In this talk, we will describe the MCDA method, demonstrate its application in SMART Vaccines, and discuss work in progress using MCDA in influenza vaccination policy and cancer genomic screening.