The Impact of Information on Decisions: Command and Control System Evaluation
Abstract
Work reported here has examined the application of the decision analytic concept of value of information to the design of information systems. A common characteristic of systems in current use is that they often provide vast quantities of partially relevant data, while failing to identify the information which the decision maker actually needs to solve his problem. Current evaluation techniques for information systems appear to bypass this problem altogether. The concept of Value of Information (VOI), however, implies that information has value to the extent that it can alter decisions and improve payoffs, Yet, the application of VOI techniques, as they now stand, to information systems is prohibitively complex and rests on implausible assumptions. The aim of the present work is to devise modifications of standard VOI techniques which make them simple enough and realistic enough to apply to information system design, while retaining a basic reference to the impact of information on decisions.
Document Details
- Document Type
- Technical Report
- Publication Date
- Feb 01, 1981
- Accession Number
- ADA097220
Entities
People
- Anthony N. S. Freeling
- Marvin S. Cohen