TY - JOUR
T1 - An empirical application of the information-structures model
T2 - The postal authority case
AU - Carmi, Nava
AU - Ronen, Boaz
PY - 1996/8/9
Y1 - 1996/8/9
N2 - The information-structures model is one of the fundamental models of information economics and the theory of information systems. It provides a theoretical framework for assessing the normative value of information. This paper applies the information-structures model to quality control attribute sampling, by analyzing a real life situation in the Postal Authority. The paper demonstrates how decision makers can assess the value of information of surveys, their cost effectiveness, and the value of information of a second survey.
AB - The information-structures model is one of the fundamental models of information economics and the theory of information systems. It provides a theoretical framework for assessing the normative value of information. This paper applies the information-structures model to quality control attribute sampling, by analyzing a real life situation in the Postal Authority. The paper demonstrates how decision makers can assess the value of information of surveys, their cost effectiveness, and the value of information of a second survey.
KW - Information economics
KW - Information structures
KW - Informativeness
KW - Orthogonal information systems
KW - Quality control
KW - Value of information
UR - http://www.scopus.com/inward/record.url?scp=0030576457&partnerID=8YFLogxK
U2 - 10.1016/0377-2217(95)00109-3
DO - 10.1016/0377-2217(95)00109-3
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AN - SCOPUS:0030576457
SN - 0377-2217
VL - 92
SP - 615
EP - 627
JO - European Journal of Operational Research
JF - European Journal of Operational Research
IS - 3
ER -