Otto Ritter
Background in maths and molecular biology. Leading the Decision Science team in MSD R&D informatics.
Session
07-11
16:30
30min
Cost-Efficient Experimental Designs, aka CEEDesigns.jl
J B, Otto Ritter, Sean L Wu, Tianchi Chen
CEEDesigns.jl is a decision-making framework for the cost-efficient design of experiments, with direct applications in drug research, healthcare, and various other fields. Typically, a design consists of multiple experiments. Each experiment is regarded as an option to acquire additional experimental evidence and is associated with a monetary cost and an execution time. The framework, then, aims to select experiments that balance the value of acquired information and the incurred costs.
General
Method (1.5)