- 01 Jul 2015
- Research & Ideas
Nikolaos Trichakis discusses the subject of a new Harvard Business School case study: the Italian regional bank Credito Emiliano, which accepts young Parmigiano-Reggiano as collateral, and then ages it in climate-controlled vaults. Open for comment; 0 Comment(s) posted.
- 28 Nov 2011
- Research & Ideas
Because of an organ shortage, hundreds or even thousands of people miss out on needed organ transplants each year. Business researchers at Harvard and MIT are rethinking how kidney transplants are allocated to give patients longer lives. An interview with professor Nikolaos Trichakis. Key concepts include: A new empirical model for allocating available kidneys to patients provides the potential for a system with greater fairness and longer life outcomes for those who receive transplants. The method—the work of Nikolaos Trichakis of Harvard Business School and Dimitris Bertsimas and Vivek F. Farias, both of MIT's Sloan School—can help policy designers create the most equitable point system based on their chosen constraints and criteria. In early simulations, the model suggests that life-year expectancies for the program can be increased by up to 8 percent, depending on variables plugged into the process. Closed for comment; 16 Comment(s) posted.
- 28 Oct 2011
- Working Paper Summaries
For many people who suffer end-stage renal disease, a kidney transplant is considered a potentially life-saving gift. Allocation policies for kidneys from deceased donors are thus of central importance and have to accomplish major objectives in alleviating human suffering, prolonging life, and providing nondiscriminatory, fair, and equal access to organs for all patients. In this paper, the authors focused on national allocation policies in the United States and the recent effort to revise the current policy. Their design of a national allocation policy focuses on perhaps the simplest, most common and currently used priority method, namely a point system. They also present four case studies in which they designed new policies under different scenarios. Key concepts include: This is a novel method for designing allocation policies based on point systems in a systematic, data-driven way. The method offers flexibility to policymakers to select the fairness constraints desired, as well as the prioritization criteria on which the point system will be based. Critically, this method achieves an 8 percent increase in anticipated extra life-year gains, as demonstrated by numerical simulations, which are based on the statistical and simulation tools currently in use by US policymakers. Closed for comment; 0 Comment(s) posted.