scholarly journals Integrating genomic signatures for treatment selection with Bayesian predictive failure time models

2016 ◽  
Vol 27 (7) ◽  
pp. 2093-2113 ◽  
Author(s):  
Junsheng Ma ◽  
Brian P Hobbs ◽  
Francesco C Stingo

Over the past decade, a tremendous amount of resources have been dedicated to the pursuit of developing genomic signatures that effectively match patients with targeted therapies. Although dozens of therapies that target DNA mutations have been developed, the practice of studying single candidate genes has limited our understanding of cancer. Moreover, many studies of multiple-gene signatures have been conducted for the purpose of identifying prognostic risk cohorts, and thus are limited for selecting personalized treatments. Existing statistical methods for treatment selection often model treatment-by-covariate interactions that are difficult to specify, and require prohibitively large patient cohorts. In this article, we describe a Bayesian predictive failure time model for treatment selection that integrates multiple-gene signatures. Our approach relies on a heuristic measure of similarity that determines the extent to which historically treated patients contribute to the outcome prediction of new patients. The similarity measure, which can be obtained from existing clustering methods, imparts robustness to the underlying stochastic data structure, which enhances feasibility in the presence of small samples. Performance of the proposed method is evaluated in simulation studies, and its application is demonstrated through a study of lung squamous cell carcinoma. Our Bayesian predictive failure time approach is shown to effectively leverage genomic signatures to match patients to the therapies that are most beneficial for prolonging their survival.

1998 ◽  
Vol 17 (10) ◽  
pp. 1073-1102 ◽  
Author(s):  
Marshall M. Joffe ◽  
Donald R. Hoover ◽  
Lisa P. Jacobson ◽  
Lawrence Kingsley ◽  
Joan S. Chmiel ◽  
...  

Author(s):  
G. Vijayalakshmi

With the increasing demand for high availability in safety-critical systems such as banking systems, military systems, nuclear systems, aircraft systems to mention a few, reliability analysis of distributed software/hardware systems continue to be the focus of most researchers. The reliability analysis of a homogeneous distributed software/hardware system (HDSHS) with k-out-of-n : G configuration and no load-sharing nodes is analyzed. However, in practice the system load is shared among the working nodes in a distributed system. In this paper, the dependability analysis of a HDSHS with load-sharing nodes is presented. This distributed system has a load-sharing k-out-of-(n + m) : G configuration. A Markov model for HDSHS is developed. The failure time distribution of the hardware is represented by the accelerated failure time model. The software faults are detected during software testing and removed upon failure. The Jelinski–Moranda software reliability model is used. The maintenance personal can repair the system up on both software and hardware failure. The dependability measures such as reliability, availability and mean time to failure are obtained. The effect of load-sharing hosts on system hazard function and system reliability is presented. Furthermore, an availability comparison of our results and the results in the literature is presented.


2020 ◽  
Vol 43 (12) ◽  
Author(s):  
Satya Narayan Panda ◽  
Arun Kumar Gopalaswamy

Purpose Staged financing is a prominent feature of the venture capital investment process. With staged financing, venture capitalists (VCs) may choose to either make an investment or delay it at each round. The purpose of this paper is to investigate the influence of market uncertainty, project-specific uncertainty and agency problems on these decisions. Design/methodology/approach The study uses data from Indian firms that received venture capital funding between 2000 and 2017. The duration between funding rounds is analysed using survival analysis. An accelerated failure time model is used to estimate the influence of market uncertainty, project-specific uncertainty and agency problems on the length of time between funding rounds. Findings VCs delay investment when there are high levels of uncertainty in the market; if market uncertainty increases by 1%, delay in funding increases by more than 6% (almost a month) on average. There is no statistically significant relationship found between the funding duration and project-specific uncertainty. Agency problems motivate VCs to invest sooner. An increase in agency problems results in a reduction of 55% (almost five months) in the length of time before the next funding round. Practical implications This study has useful business policy implications. It provides VCs with real option value drivers such as market uncertainty, agency problems, which influence the timing of decisions in staged investment processes. It will help to make the choice between investing and delaying at each round of financing more robust. Further, it is useful for VCs to differentiate between market uncertainty and agency problems against the backdrop of their different implications for staging decisions. Originality/value Few studies have examined staging decisions from a real options perspective in the context of a developed economy and very few from a developing economy perspective. This study increases understanding of staging decisions in the Indian context.


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