The Value of Information Given Decision Flexibility

DOI10.1287/mnsc.23.7.716zbMath0358.90006OpenAlexW2062354848MaRDI QIDQ4132221

M. W. Merkhofer

Publication date: 1977

Published in: Management Science (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1287/mnsc.23.7.716

Mathematics Subject Classification ID

Decision theory (91B06) Sensitivity (robustness) (93B35) Information theory (general) (94A15)

Related Items (8)

The strategic value of flexibility in sequential decision making ⋮ An analytical expression and an algorithm for the volume of a convex polyhedron in \(R^ n\). ⋮ Flexibility in manufacturing and services: achievements, insights and challenges ⋮ Multiple risks and the value of information ⋮ The Value of Information in Some Variations of the Stopping Problem ⋮ Information technology investments and volume-flexibility in production systems ⋮ Flexibility and decision making ⋮ Effects of Risk Aversion on the Value of Information in Two-Action Decision Problems

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