Efficient organization of information processing

Jacek Cukrowski and Manfred M. Fischer
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Jacek Cukrowski: United Nations Development Programme, Europe and the CIS Bratislava Regional Centre, Grosslingova 35, 81109 Bratislava, Slovak Republic, Postal: United Nations Development Programme, Europe and the CIS Bratislava Regional Centre, Grosslingova 35, 81109 Bratislava, Slovak Republic

Managerial and Decision Economics, 2007, vol. 28, issue 1, pages 13-26

Abstract: The paper examines the application of the concept of economic efficiency to organizational issues of collective information processing in decision making. Information processing is modeled in the framework of the dynamic parallel processing model of associative computation with an endogenous setup cost of the processors. The model is extended to include the specific features of collective information processing in the team of decision makers which may lead to an error in data analysis. In such a model, the conditions for efficient organization of information processing are defined and the architecture of the efficient structures is considered. We show that specific features of collective decision making procedures require a broader framework for judging organizational efficiency than has traditionally been adopted. In particular, and contrary to the results available in economic literature, we show that there is no unique architecture for efficient information processing structures, but a number of various efficient forms. The results indicate that technological progress resulting in faster data processing (ceteris paribus) will lead to more regular information processing structures. However, if the relative cost of the delay in data analysis increases significantly, less regular structures could be efficient. Copyright © 2007 John Wiley & Sons, Ltd.

Date: 2007
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Persistent link: http://EconPapers.repec.org/RePEc:wly:mgtdec:v:28:y:2007:i:1:p:13-26

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