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Value of Information in Distributed Decision Support Systems

Value of Information in Distributed Decision Support Systems
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Author(s): Jadwiga Sobieska-Karpinska (Wroclaw University of Economic, Poland) and Marcin Hernes (Academy of Management in Lodz, Poland)
Copyright: 2010
Pages: 24
Source title: Infonomics for Distributed Business and Decision-Making Environments: Creating Information System Ecology
Source Author(s)/Editor(s): Malgorzata Pankowska (Karol Adamiecki University of Economics in Katowice, Poland)
DOI: 10.4018/978-1-60566-890-1.ch009

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Abstract

This chapter deals with the analysis of the value of information in a distributed decision support systems. It characterises the basic measures of the value of information, with the stress put to the utility function, the effect of the knowledge discovery techniques in databases on the value of information and multicriteria methods of decisions support. In the chapter, a multi-agent system is presented, which is an example of a distributed decision support system. In the last part of the chapter, the choice methods and consensus methods for increasing the value of information through the eliminate contradiction of information within the system are presented.

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