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ERIC Number: EJ110917
Record Type: CIJE
Publication Date: 1974
Pages: N/A
Abstractor: N/A
ISBN: N/A
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EISSN: N/A
The Value of Accuracy in Information for Planning and Control
Higgins, J. C.
Long Range Planning, 7, 4, 67-72, Aug 74
The author discusses some approaches to assessing the impact of inaccurate information when the planning system involves formulae of the management accounting type or models of the operational research variety. The most appropriate method for quantifying information value in management information systems is through Bayesian analysis and decision trees. (Author/WM)
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