This article is the second in a series of four articles con cerned with the valuing of management information. The first three articles examine the major approaches to valuation, the final one summarizes and links together these methods into a practical approach to the valuing of management information.
This article examines an approach to the valuing of mana gement information, by examining the consequences of not collecting or producing the information, turning this into a cost and then equating it to the value of the information to the organisation. This approach is tested in the article against several examples of management information.
Get full access to this article
View all access options for this article.
References
1.
M.P. Carter, An economic appraisal of management information, PhD thesis, University of Keele, 1981.
2.
M.P. Carter , Six basic concepts in the economic appraisal of management information, Management Decision, to appear.
3.
M.P. Carter , The valuing of management information. Part I: The Bayesian approach, Journal of Information Science10 (1985) 1-9.
4.
M.P. Carter , An examination of the principal myths surroundings management information, West Midlands Regional ManagementCentre Review2(1) (1982).
5.
M.P. Carter , Simulation modeling: an important aid to management decision taking, West Midlands Regional Management Centre Review2(2) (1982/1983).
