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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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. |
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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 |
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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. |
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School of Mechanical and Aerospace Engineering |
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School of Mechanical and Aerospace Engineering Zhao, Hui Wu, Kan Huang, Edward |
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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 |
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2020 |
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https://hdl.handle.net/10356/139112 |
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1681057836499468288 |