Other Lecture or Seminar

Applications of Decision Analysis in the Pharmaceutical Industry

Dr. Jay Andersen
Eli Lilly & Company

Start Date and Time: Mon, 15 Oct 2001, 4:30 PM

End Date and Time: Mon, 15 Oct 2001, 6:00 PM

Venue: LAEB B222

Abstract:

The role of the practicing statistician can be expanded to include consulting beyond the traditional statistical responsibilities. Statisticians are known for the quantitative expertise and objectivity that they bring to consulting projects. These two attributes are also quite valuable in consulting on complex decision problems. This discussion will focus on the application of decision analysis methodology in the pharmaceutical industry. Examples that will be explored include clinical development of a drug candidate, trade-offs between manufacturing, development, and marketing, and portfolio management.