Bounds and properties of the expected value of sample information for a project-selection problem

Expected value of sample information for

Expected value of sample information for Weibull survival data

✍ Alan Brennan; Samer A. Kharroubi 📂 Article 📅 2007 🏛 John Wiley and Sons 🌐 English ⚖ 254 KB 👁 3 views

## Abstract Expected value of sample information (EVSI) involves simulating data collection, Bayesian updating, and re‐examining decisions. Bayesian updating in Weibull models typically requires Markov chain Monte Carlo (MCMC). We examine five methods for calculating posterior expected net benefit