A Systematic and Critical Review of the Evolving Methods and Applications of Value of Information in Academia and Practice

VOI analysis receives increasing attention in both the methodological and the applied literature bases, but challenges to applying VOI in real-life decision making remain. For many technical and methodological challenges to VOI analytic solutions have been proposed in the literature, including leaner methods for VOI. Further research should also focus on the needs of decision makers regarding VOI. </AbstractSection> Copyright Springer International Publishing Switzerland 2013