The Value of Information and Control

By Bodily, Samuel E.

Decision Analysis

Using a simple example, this short note demonstrates how to place a monetary value on information and control. The monetary value is the change in expected monetary value due to the change in some action taken by the decision maker.

Collection: Darden University of Virginia (USA)

Ref: DARDEN-QA-0468-E

Format: PDF

Number of pages: 3

Publication Date: Aug 31, 1994

Language: English

Review date: Sep 23, 2010

Description

Industry Setting: N/A

The Value of Information and Control

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The Value of Information and Control

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The Value of Information and Control

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