SIMULATION OF INFORMATION CHOICE

John C. Fellingham, Theodore J. Mock, Miklos A. Vasarhelyi

Research output: Contribution to journalArticlepeer-review

6 Scopus citations

Abstract

Beginning with the information economics framework and a multi‐period decision model [15], this paper considers the use of computer simulation methods within an information system choice environment. Actual decision behavior is replaced by optimal decision rules, and simulation is used to evaluate the effects of parameter changes in the environmental model. Simulation is shown to be functional (1) in estimating the value of alternative information structures within a fifteen period decision model and (2) in providing sensitivity and statistical data which would be useful both for different decision maker utility functions and for a variety of information system design questions.

Original languageEnglish (US)
Pages (from-to)219-234
Number of pages16
JournalDecision Sciences
Volume7
Issue number2
DOIs
StatePublished - Apr 1976
Externally publishedYes

All Science Journal Classification (ASJC) codes

  • Business, Management and Accounting(all)
  • Strategy and Management
  • Information Systems and Management
  • Management of Technology and Innovation

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