SIMULATION OF INFORMATION CHOICE

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

doi:10.1111/j.1540-5915.1976.tb00672.x

SIMULATION OF INFORMATION CHOICE

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

Research output: Contribution to journal › Article › peer-review

7 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 language	English (US)
Pages (from-to)	219-234
Number of pages	16
Journal	Decision Sciences
Volume	7
Issue number	2
DOIs	https://doi.org/10.1111/j.1540-5915.1976.tb00672.x
State	Published - Apr 1976
Externally published	Yes

All Science Journal Classification (ASJC) codes

General Business, Management and Accounting
Strategy and Management
Information Systems and Management
Management of Technology and Innovation

Access to Document

10.1111/j.1540-5915.1976.tb00672.x

Cite this

@article{d4fe23fcf36347e4a81ed2b360957c72,

title = "SIMULATION OF INFORMATION CHOICE",

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.",

author = "Fellingham, {John C.} and Mock, {Theodore J.} and Vasarhelyi, {Miklos A.}",

year = "1976",

month = apr,

doi = "10.1111/j.1540-5915.1976.tb00672.x",

language = "English (US)",

volume = "7",

pages = "219--234",

journal = "Decision Sciences",

issn = "0011-7315",

publisher = "Wiley-Blackwell Publishing Ltd",

number = "2",

}

TY - JOUR

T1 - SIMULATION OF INFORMATION CHOICE

AU - Fellingham, John C.

AU - Mock, Theodore J.

AU - Vasarhelyi, Miklos A.

PY - 1976/4

Y1 - 1976/4

N2 - 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.

AB - 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.

UR - http://www.scopus.com/inward/record.url?scp=84989446707&partnerID=8YFLogxK

UR - http://www.scopus.com/inward/citedby.url?scp=84989446707&partnerID=8YFLogxK

U2 - 10.1111/j.1540-5915.1976.tb00672.x

DO - 10.1111/j.1540-5915.1976.tb00672.x

M3 - Article

AN - SCOPUS:84989446707

SN - 0011-7315

VL - 7

SP - 219

EP - 234

JO - Decision Sciences

JF - Decision Sciences

IS - 2

ER -

SIMULATION OF INFORMATION CHOICE

Abstract

All Science Journal Classification (ASJC) codes

Access to Document

Other files and links

Fingerprint

Cite this