1. What are the contributions mentioned in the paper "The knowledge-gradient algorithm for sequencing experiments in drug discovery" ?
Beginning with a base compound, the authors consider the problem of searching for a chemical derivative of the molecule that best treats a given disease.. The authors apply a recently developed algorithm, known as the knowledge-gradient algorithm, that uses correlations in their Bayesian prior distribution between the performance of different alternatives ( molecules ) to dramatically reduce the number of molecular tests required, but it has heavy computational requirements that limit the number of possible alternatives to a few thousand.. The authors develop computational improvements that allow the knowledge-gradient method to consider much larger sets of alternatives, and they demonstrate the method on a problem with 87,120 alternatives.
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2. What is the recent ranking-and-selection algorithm?
A recent ranking-and-selection algorithm that uses correlated Bayesian beliefs to take advantage of structure within the set of alternatives is the knowledge-gradient algorithm for correlated beliefs (KGCB) (Frazier et al. 2009).
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3. What is the effect of the KGCB algorithm on the computation and memory requirements?
Because the number of compounds is exponential in the number of substituents per site, maintaining a belief in this way reduces computation and memory requirements substantially and allows the KGCB algorithm to be used on problems with even hundreds of thousands of candidate compounds.
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4. What is the common method of comparing compound activity with the results of a laboratory test?
In both methods, multiple linear regression is used to correlate activity on laboratory tests with collections of compound features.
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