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Information Systems in Management Science---Bayesian Information Economics: An Evaluation

Jack Kleijnen (kleijnen@tilburguniversity.edu)

Interfaces, 1980, vol. 10, issue 3, 93-97

Abstract: In the columns of this journal Vazsonyi has advocated the use of decision calculus in the economic evaluation of management information systems [Vazsonyi, A. 1976. The decision to inquire. Interfaces 7 (1, November) 73--80; Vazsonyi, A. 1978. Geometry of information systems. Part II. Interfaces 8 (2) 88--94.]. The reader may also know this calculus under such names as Bayesian Decision Analysis or Information Economics . The purpose of this contribution is to discuss the advantages and disadvantages of such an approach.

Keywords: decision analysis; information systems (search for similar items in EconPapers)
Date: 1980
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Citations: View citations in EconPapers (2)

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