Value of information: facilitating targeted information acquisition in decision processes
Author
Abstract
Suggested Citation
DOI: 10.1007/s10669-014-9493-6
Download full text from publisher
As the access to this document is restricted, you may want to search for a different version of it.
References listed on IDEAS
- Niyazi Onur Bakır & Georgia-Ann Klutke, 2014. "Buying price of event information in two-action decision problems," Environment Systems and Decisions, Springer, vol. 34(1), pages 38-48, March.
- Amanda P. Rehr & Mitchell J. Small & Paul S. Fischbeck & Patricia Bradley & William S. Fisher, 2014. "The role of scientific studies in building consensus in environmental decision making: a coral reef example," Environment Systems and Decisions, Springer, vol. 34(1), pages 60-87, March.
- Whitney J. Trainor-Guitton, 2014. "A geophysical perspective of value of information: examples of spatial decisions for groundwater sustainability," Environment Systems and Decisions, Springer, vol. 34(1), pages 124-133, March.
- Roger Cooke & Bruce A. Wielicki & David F. Young & Martin G. Mlynczak, 2014. "Value of information for climate observing systems," Environment Systems and Decisions, Springer, vol. 34(1), pages 98-109, March.
- Alan Masinter & Mitchell Small & Elizabeth Casman, 2014. "Research prioritization using hypothesis maps," Environment Systems and Decisions, Springer, vol. 34(1), pages 49-59, March.
- Zhengwei Sun & Ali E. Abbas, 2014. "On the sensitivity of the value of information to risk aversion in two-action decision problems," Environment Systems and Decisions, Springer, vol. 34(1), pages 24-37, March.
- Jeffrey M. Keisler & Zachary A. Collier & Eric Chu & Nina Sinatra & Igor Linkov, 2014. "Value of information analysis: the state of application," Environment Systems and Decisions, Springer, vol. 34(1), pages 3-23, March.
- Anh Hoang Le & Akihiro Tokai & Toyohiko Nakakubo, 2014. "Applying value of information methods to prioritize elements for water quality management with an example of linear alkylbenzene sulfonate in the Yodo River, Japan," Environment Systems and Decisions, Springer, vol. 34(1), pages 110-123, March.
- Patrycja L. Gradowska & Roger M. Cooke, 2014. "Estimating expected value of information using Bayesian belief networks: a case study in fish consumption advisory," Environment Systems and Decisions, Springer, vol. 34(1), pages 88-97, March.
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- Gordon Hazen & Emanuele Borgonovo & Xuefei Lu, 2023. "Information Density in Decision Analysis," Decision Analysis, INFORMS, vol. 20(2), pages 89-108, June.
- Mercedes Boncompte Pons & María del Mar Guerrero Manzano, 2024. "The value of perfect information for the problem: a sensitivity analysis," Environment Systems and Decisions, Springer, vol. 44(4), pages 980-993, December.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Zou, Guang & Faber, Michael Havbro & González, Arturo & Banisoleiman, Kian, 2021. "Computing the value of information from periodic testing in holistic decision making under uncertainty," Reliability Engineering and System Safety, Elsevier, vol. 206(C).
- Mercedes Boncompte Pons & María del Mar Guerrero Manzano, 2024. "The value of perfect information for the problem: a sensitivity analysis," Environment Systems and Decisions, Springer, vol. 44(4), pages 980-993, December.
- Newbold, Stephen C. & Johnston, Robert J., 2020. "Valuing non-market valuation studies using meta-analysis: A demonstration using estimates of willingness-to-pay for water quality improvements," Journal of Environmental Economics and Management, Elsevier, vol. 104(C).
- Seyed Mojtaba Hoseyni & Francesco Di Maio & Enrico Zio, 2023. "Subset simulation for optimal sensors positioning based on value of information," Journal of Risk and Reliability, , vol. 237(5), pages 897-909, October.
- Cavazza, F. & Galioto, F. & Raggi, M. & Viaggi, D., 2018. "Changes in the information environment of water management: the role of ICT," 2018 Conference, July 28-August 2, 2018, Vancouver, British Columbia 277247, International Association of Agricultural Economists.
- Andrija S Grustam & Nasuh Buyukkaramikli & Ron Koymans & Hubertus J M Vrijhoef & Johan L Severens, 2019. "Value of information analysis in telehealth for chronic heart failure management," PLOS ONE, Public Library of Science, vol. 14(6), pages 1-23, June.
- Emanuele Borgonovo & Alessandra Cillo & Curtis L. Smith, 2018. "On the Relationship between Safety and Decision Significance," Risk Analysis, John Wiley & Sons, vol. 38(8), pages 1541-1558, August.
- Emanuele Borgonovo & Alessandra Cillo, 2017. "Deciding with Thresholds: Importance Measures and Value of Information," Risk Analysis, John Wiley & Sons, vol. 37(10), pages 1828-1848, October.
- Feuerriegel, Stefan & Bodenbenner, Philipp & Neumann, Dirk, 2016. "Value and granularity of ICT and smart meter data in demand response systems," Energy Economics, Elsevier, vol. 54(C), pages 1-10.
- Luhede, Amelie & Yaqine, Houda & Bahmanbijari, Reza & Römer, Michael & Upmann, Thorsten, 2024. "The value of information in water quality monitoring and management," Ecological Economics, Elsevier, vol. 219(C).
- Haag, Fridolin & Chennu, Arjun, 2023. "Assessing whether decisions are more sensitive to preference or prediction uncertainty with a value of information approach," Omega, Elsevier, vol. 121(C).
- Stéphane Couture & Stéphane Lemarié & Sabrina Teyssier & Pascal Toquebeuf, 2024.
"The value of information under ambiguity: a theoretical and experimental study on pest management in agriculture,"
Theory and Decision, Springer, vol. 96(1), pages 19-47, February.
- Stéphane Couture & Stéphane Lemarié & Sabrina Teyssier & Pascal Toquebeuf, 2023. "The value of information under ambiguity: a theoretical and experimental study on pest management in agriculture," Post-Print hal-04553780, HAL.
- Rady Tawfik, 2023. "The Application of D(A)PSI(W)R(M) Framework to Coral Reef Conservation," Sustainability, MDPI, vol. 15(11), pages 1-20, June.
- Stijntje W. Dijk & Eline Krijkamp & Natalia Kunst & Jeremy A. Labrecque & Cary P. Gross & Aradhana Pandit & Chia-Ping Lu & Loes E. Visser & John B. Wong & M. G. Myriam Hunink, 2024. "Making Drug Approval Decisions in the Face of Uncertainty: Cumulative Evidence versus Value of Information," Medical Decision Making, , vol. 44(5), pages 512-528, July.
- Eva D. Regnier & Joel W. Feldmeier, 2022. "D Minus Months: Strategic Planning for Weather-Sensitive Decisions," Decision Analysis, INFORMS, vol. 19(1), pages 1-20, March.
- Christina M. Powers & Khara D. Grieger & Christian Beaudrie & Christine Ogilvie Hendren & J. Michael Davis & Amy Wang & Christie M. Sayes & Margaret MacDonell & Jeffrey S. Gift, 2015. "Data dialogues: critical connections for designing and implementing future nanomaterial research," Environment Systems and Decisions, Springer, vol. 35(1), pages 76-87, March.
- Anna Heath & Ioanna Manolopoulou & Gianluca Baio, 2017. "A Review of Methods for Analysis of the Expected Value of Information," Medical Decision Making, , vol. 37(7), pages 747-758, October.
- Lindley, Sarah & Albeke, Shannon & Viers, Joshua & Parsons, George & Johnston, Robert & Newbold, Stephen C., 2022. "Valuing Satellite Data for Harmful Algal Bloom Early Warning Systems," RFF Working Paper Series 22-23, Resources for the Future.
- Mayuran Sivapalan & Jerome Bowen, 2020. "Decision frameworks for restoration & adaptation investment–Applying lessons from asset-intensive industries to the Great Barrier Reef," PLOS ONE, Public Library of Science, vol. 15(11), pages 1-20, November.
- Fabio Zagonari, 2024. "Sustainable business models and conflict indices for sustainable decision‐making: An application to decommissioning versus reusing offshore gas platforms," Business Strategy and the Environment, Wiley Blackwell, vol. 33(2), pages 180-196, February.
Corrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:spr:envsyd:v:34:y:2014:i:1:d:10.1007_s10669-014-9493-6. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.