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Bayesian statistics in the assessment of the benefit-risk balance of medicines using Multi Criteria Decision Analysis

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Title: Bayesian statistics in the assessment of the benefit-risk balance of medicines using Multi Criteria Decision Analysis
Authors: Waddingham, Edward
Item Type: Thesis or dissertation
Abstract: Medical decisions such as benefit-risk assessments of treatments should be based on the best clinical evidence but also require subjective value judgements regarding the impact of disease and treatment outcomes. This thesis argues for a Bayesian implementation of Multi-Criteria Decision Analysis (MCDA) for such problems. It seeks to establish whether suitable Bayesian models can be constructed given the variety of data formats and the interdependencies between the many variables involved. A modelling framework is developed for joint multivariate Bayesian inference of treatment effects and preference values based on data from clinical trials and stated preference studies. This method allows the sampling uncertainty of the parameters to be reflected in the analysis, overcoming a recognised shortcoming of MCDA. Markov Chain Monte Carlo simulation is used to derive the posterior distributions. The models are illustrated using a case study involving treatments for relapsing remitting multiple sclerosis. The clinical evidence synthesis has several advantages over existing multivariate evidence synthesis models, including a comprehensive flexible allowance for correlations, compatibility with any number of treatments and outcomes, and the ability to estimate unreported treatment-outcome combinations. The preference models can analyse data from a variety of elicitation methods such as discrete choice, Analytic Hierarchy Process and swing weighting. In the case of swing weighting no Bayesian analysis has previously been presented, and the results suggest a possible flaw in the standard deterministic analysis that may bias the preference estimates when judgements are subject to random variability. A novel meta-analysis model for preference elicitation studies is also presented. The framework has the unique ability to analyse data from multiple methods jointly to yield a common set of preference parameters. These results demonstrate the flexibility of the Bayesian approach, and the depth of insight it can provide into the impact of uncertainty and heterogeneity in multi-criteria medical decisions.
Content Version: Open Access
Issue Date: Jul-2019
Date Awarded: May-2020
URI: http://hdl.handle.net/10044/1/80801
DOI: https://doi.org/10.25560/80801
Copyright Statement: Creative Commons Attribution NonCommercial Licence
Supervisor: Ashby, Deborah
Matthews, Paul
Sponsor/Funder: Imperial College London
Department: School of Public Health
Publisher: Imperial College London
Qualification Level: Doctoral
Qualification Name: Doctor of Philosophy (PhD)
Appears in Collections:School of Public Health PhD Theses