Centres Of Excellence

To focus on new and emerging areas of research and education, Centres of Excellence have been established within the Institute. These ‘virtual' centres draw on resources from its stakeholders, and interact with them to enhance core competencies

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Faculty

Faculty members at IIMB generate knowledge through cutting-edge research in all functional areas of management that would benefit public and private sector companies, and government and society in general.

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IIMB Management Review

Journal of Indian Institute of Management Bangalore

IIM Bangalore offers Degree-Granting Programmes, a Diploma Programme, Certificate Programmes and Executive Education Programmes and specialised courses in areas such as entrepreneurship and public policy.

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About IIMB

The Indian Institute of Management Bangalore (IIMB) believes in building leaders through holistic, transformative and innovative education

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REDUCING THE PATIENTS-AT-RISK (PaR) IN A RESPONSE-ADAPTIVE TRIAL: A NUMERICAL STUDY

For a response adaptive allocation of subjects in a clinical trial, optimality with respect to the power function benefits future patients, whereas increasing the number of patients allotted to the superior treatment is helpful for the current patients in the study. This is similar to the fundamental explore-exploit trade-off that is discussed in the multi-armed bandit literature. Both the above aspects must be considered while designing a clinical trial. Now which one is more important? One way to approach this problem is to put a minimum proportion of patients allocated to the superior treatment as a constraint in the optimisation problem. However, an additional constraint to an optimisation problem typically leads to some loss in optimality. What is the social cost of this loss? Can this be quantified? The article begins with answering these questions and builds upon them to propose a new robust criterion for evaluating response-adaptive designs.