The Value of Imperfect Information.

Malinconico, S. Michael

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ERIC Number: EJ315688

Record Type: Journal

Publication Date: 1985

Pages: N/A

Abstractor: N/A

ISBN: N/A

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The Value of Imperfect Information.

Malinconico, S. Michael

Library Journal, v110 n4 p63-65 Mar 1 1985

This essay illustrates a technique for reducing the risks of capital investment decisions involving considerable sums for advanced technologies by considering its application to a problem that arises frequently in selection of automated library systems. Incomplete information, using available information, selecting a system, and consultants are discussed. (5 references) (EJS)

Descriptors: Consultants, Decision Making, Electronic Equipment, Information Systems, Information Utilization, Library Administration, Library Automation, Library Planning, Online Systems, Probability, Purchasing

Publication Type: Journal Articles; Guides - General; Opinion Papers

Education Level: N/A

Audience: N/A

Language: English

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Authoring Institution: N/A

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