Abstract
Decision making in a decision support system is modeled as a sequential information acquisition process with noisy information sources and costly information assimilation. The net benefit from using a Decision Support Systems approach is compared to that from a Programs approach. DSS provides greater benefits for ad-hoc decisions and this advantage increases as the information sources become noisier. Programs are preferred for recurrent decisions. Increased assimilation costs decrease the number of alternatives examined.
| Original language | English (US) |
|---|---|
| Pages (from-to) | 293-305 |
| Number of pages | 13 |
| Journal | Decision Support Systems |
| Volume | 8 |
| Issue number | 4 |
| DOIs | |
| State | Published - Aug 1992 |
| Externally published | Yes |
Keywords
- Ad-hoc decisions
- Bayesian update cost
- Decision Support Systems
- Economics model
- Information assimilation cost
- Institutional Decision Support Systems
- Noisy information
- Planning
- Programs
- Recurrent decisions
ASJC Scopus subject areas
- Management Information Systems
- Information Systems
- Developmental and Educational Psychology
- Arts and Humanities (miscellaneous)
- Information Systems and Management