An empirical application of the information-structures model: The Postal Authority case

An empirical application of the information-structures model: The Postal Authority case

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Article ID: iaor199946
Country: Netherlands
Volume: 92
Issue: 3
Start Page Number: 615
End Page Number: 627
Publication Date: Aug 1996
Journal: European Journal of Operational Research
Authors: ,
Keywords: quality & reliability
Abstract:

The information-structures model is one of the fundamental models of information economics and the theory of information systems. It provides a theoretical framework for assessing the normative value of information. This paper applies the information-structures model to quality control attribute sampling, by analyzing a real life situation in the Postal Authority. The paper demonstrates how decision makers can assess the value of information of surveys, their cost effectiveness, and the value of information of a second survey.

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