Descriptor
| Bayesian Statistics | 1 |
| Computer Oriented Programs | 1 |
| Decision Making | 1 |
| Decision Making Skills | 1 |
| Information Systems | 1 |
| Information Utilization | 1 |
| Management Information Systems | 1 |
| Mathematical Models | 1 |
| Operations Research | 1 |
| Planning | 1 |
Source
| Long Range Planning | 1 |
Author
| Higgins, J. C. | 1 |
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Peer reviewedHiggins, J. C. – Long Range Planning, 1974
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…
Descriptors: Bayesian Statistics, Computer Oriented Programs, Decision Making, Decision Making Skills
