Clinical trial supply chain design based on the Pareto-optimal trade-off between time and cost

Long duration and high cost are two key characteristics of clinical trials. Since the clinical trial duration is part of the limited patent life and determines the time to market, its reduction is of critical importance. Although the duration can be reduced through increasing the number of clinical...

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Main Authors: Zhao, Hui, Wu, Kan, Huang, Edward
Other Authors: School of Mechanical and Aerospace Engineering
Format: Article
Language:English
Published: 2020
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Online Access:https://hdl.handle.net/10356/139112
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Institution: Nanyang Technological University
Language: English
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spelling sg-ntu-dr.10356-1391122020-05-15T08:02:27Z Clinical trial supply chain design based on the Pareto-optimal trade-off between time and cost Zhao, Hui Wu, Kan Huang, Edward School of Mechanical and Aerospace Engineering Engineering::Mechanical engineering Health Care Network Design Long duration and high cost are two key characteristics of clinical trials. Since the clinical trial duration is part of the limited patent life and determines the time to market, its reduction is of critical importance. Although the duration can be reduced through increasing the number of clinical sites in the supply chain, the total enrollment and operational costs are also increased. Hence, Pareto-optimal supply chain configurations are used to improve clinical trial efficiency. In this study, we propose a multi-objective clinical site selection model that considers the trade-off between time and cost of clinical trials. An efficiency curve representing the Pareto-optimal trade-off is provided for decision makers to design the supply chain. To identify all Pareto-optimal supply chain configurations efficiently, we develop an algorithm based on proposed propositions. The optimality cuts are derived to improve the solving efficiency of this problem. 2020-05-15T08:02:27Z 2020-05-15T08:02:27Z 2018 Journal Article Zhao, H., Wu, K., & Huang, E. (2018). Clinical trial supply chain design based on the Pareto-optimal trade-off between time and cost. IISE Transactions, 50(6), 512-524. doi:10.1080/24725854.2017.1395978 2472-5854 https://hdl.handle.net/10356/139112 10.1080/24725854.2017.1395978 2-s2.0-85041139171 6 50 512 524 en IISE Transactions © 2018 IISE (Published by Taylor & Francis). All rights reserved.
institution Nanyang Technological University
building NTU Library
country Singapore
collection DR-NTU
language English
topic Engineering::Mechanical engineering
Health Care
Network Design
spellingShingle Engineering::Mechanical engineering
Health Care
Network Design
Zhao, Hui
Wu, Kan
Huang, Edward
Clinical trial supply chain design based on the Pareto-optimal trade-off between time and cost
description Long duration and high cost are two key characteristics of clinical trials. Since the clinical trial duration is part of the limited patent life and determines the time to market, its reduction is of critical importance. Although the duration can be reduced through increasing the number of clinical sites in the supply chain, the total enrollment and operational costs are also increased. Hence, Pareto-optimal supply chain configurations are used to improve clinical trial efficiency. In this study, we propose a multi-objective clinical site selection model that considers the trade-off between time and cost of clinical trials. An efficiency curve representing the Pareto-optimal trade-off is provided for decision makers to design the supply chain. To identify all Pareto-optimal supply chain configurations efficiently, we develop an algorithm based on proposed propositions. The optimality cuts are derived to improve the solving efficiency of this problem.
author2 School of Mechanical and Aerospace Engineering
author_facet School of Mechanical and Aerospace Engineering
Zhao, Hui
Wu, Kan
Huang, Edward
format Article
author Zhao, Hui
Wu, Kan
Huang, Edward
author_sort Zhao, Hui
title Clinical trial supply chain design based on the Pareto-optimal trade-off between time and cost
title_short Clinical trial supply chain design based on the Pareto-optimal trade-off between time and cost
title_full Clinical trial supply chain design based on the Pareto-optimal trade-off between time and cost
title_fullStr Clinical trial supply chain design based on the Pareto-optimal trade-off between time and cost
title_full_unstemmed Clinical trial supply chain design based on the Pareto-optimal trade-off between time and cost
title_sort clinical trial supply chain design based on the pareto-optimal trade-off between time and cost
publishDate 2020
url https://hdl.handle.net/10356/139112
_version_ 1681057836499468288