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Abstract

Data lacks value by itself, it needs to be processed into information. There are 2 types of organizational information: operational and management information systems. Details how the value of these types of information are measured. Explains the normative or information-economics approach to valuing information which attempts to quantify the incremental value of the decisions made with new information. Details the different types of decision assistance systems that can be provided. Describes the weaknesses of the realistic and the subjective value of information approach

Source

Information strategy. 13(1996) no.2, S.36-41

Theme

Information
Information Resources Management

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Abstract

2 different Types of information systems, operational and management information systems (or decision making systems) are required to meet management's need for information. Examines the methods of measuring the value of the information produced by these systems. Suggests the net present value plus risk assessment approach for assessing operational information. There are 3 techniques collectively known as relative value of information approaches for assessing the value of decision making information

Source

Information systems management. 13(1996) no.1, S.68-72

Theme

Information Resources Management