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A quantitative Approach for modelling the influence of currency of Information on decision-making under uncertainty

Heinrich, Bernd and Hristova, Diana (2016) A quantitative Approach for modelling the influence of currency of Information on decision-making under uncertainty. Journal of Decision Systems 25 (1), pp. 16-41.

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Date of publication of this fulltext: 05 Nov 2015 14:02

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Abstract

Stored information, used to support decision-making, can be outdated. Existing metrics for currency provide an indication about the correspondence between this stored information and its real-world counterpart. In the case of low currency, this information cannot be effectively used to support decision-making, although the decision-maker can probably learn from it. Our first objective is to ...

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Item type:Article
Date:2016
Institutions:Business, Economics and Information Systems > Institut für Wirtschaftsinformatik > Lehrstuhl für Wirtschaftsinformatik II (Prof. Dr. Bernd Heinrich)
Identification Number:
ValueType
10.1080/12460125.2015.1080494DOI
Keywords:information quality, decision-making, metric for currency, value of information, customer relationship management
Dewey Decimal Classification:300 Social sciences > 330 Economics
Status:Published
Refereed:Yes, this version has been refereed
Created at the University of Regensburg:Yes
Item ID:32711
Owner only: item control page

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