We introduce a new concept that enables a decision analyst to explore and quantify the benefits of decision alternatives that exceed the scope of a pre‐posterior decision or value of information analysis. This new concept, namely, the expected value of sample information and action analysis, facilitates to examine decision alternatives that become only possible with additional knowledge. The concept is introduced by taking basis in proof load testing as a source of (pre‐)posterior knowledge. Pre‐posterior decision analysis is necessary in order to optimize the structural design through proof loading information. The application of the common value of information analysis and the new value of information and action analysis are demonstrated in a case study.
- Pre‐construction proof loading
- Pre‐posterior decision analysis
- Structural design optimization
- Value of information and action