2005
DOI: 10.1016/j.jspi.2004.06.020
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Optimal screening designs with flexible cost and constraint structures

Abstract: We describe a cost-and constraint-based decision-theoretic approach to the design of screening trials, where the goal is to identify promising candidates for future study or to decide whether to accept or reject a product. An algorithmic method for optimizing this approach is presented. This method utilizes a highly flexible structure to reflect a variety of decision and experimental costs and constraints. The designs produced can range from being a single stage up to being fully sequential, depending on the s… Show more

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Cited by 8 publications
(5 citation statements)
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“…Their boundaries are optimal with respect to a utility function that incorporates sampling cost and potential pay-off if the pivotal trial shows significant benefit, similar to utility function at the end of Section 2.3. Stout and Hardwick (2005) present a general decision-theoretic framework for finding optimal designs for screening trials, incorporating costs and constraints.…”
Section: Introductionmentioning
confidence: 99%
“…Their boundaries are optimal with respect to a utility function that incorporates sampling cost and potential pay-off if the pivotal trial shows significant benefit, similar to utility function at the end of Section 2.3. Stout and Hardwick (2005) present a general decision-theoretic framework for finding optimal designs for screening trials, incorporating costs and constraints.…”
Section: Introductionmentioning
confidence: 99%
“…A general loss function including the three partial costs of Chen et al (2004b) as well as the salvage value is introduced to determine the corresponding optimal sampling plan. Stout and Hardwick (2005) present a unified approach to the problem of response adaptive screening, when multiple costs and constraints need to be incorporated. In particular, they describe a cost-and constraint-based approach, which is suitable in AS where sample products must be tested before an entire lot is accepted.…”
Section: Related Literaturementioning
confidence: 99%
“…Under model (1) and the encompassing prior (6), the marginal density of data y under hypothesis H j is given by We can see that c j is independent of s 2 , which greatly simplifies the evaluation of the marginal density of y. Then it follows that…”
Section: Conflict Of Interestmentioning
confidence: 99%
“…Yao and Venkatraman [4], and Wang and Leung [5] extended that design to two-stage and fully sequential designs. Stout and Hardwick [6] developed a cost- and constraint-based decision-theoretic approach to the design of screening trials. Rossell et al [7] proposed a screening design based on Bayesian decision theoretics that uses optimal linear boundaries.…”
Section: Introductionmentioning
confidence: 99%