An empirical application of the information-structures model: The postal authority case

Nava Carmi, Boaz Ronen

Research output: Contribution to journalArticlepeer-review

Abstract

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.

Original languageEnglish
Pages (from-to)615-627
Number of pages13
JournalEuropean Journal of Operational Research
Volume92
Issue number3
DOIs
StatePublished - 9 Aug 1996

Keywords

  • Information economics
  • Information structures
  • Informativeness
  • Orthogonal information systems
  • Quality control
  • Value of information

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