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Mis 002

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Kinshook Chaturvedi
Kinshook Chaturvedi
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Cost and Value of Information and Decision Making
COST & VALUE OF INFORMATION ,[object Object],[object Object],[object Object],[object Object]
[object Object],[object Object],[object Object],Time A B C PERFORMANCE
Value Cost Increasing Time Lag Cost/value of information
[object Object],[object Object]
Level of Detail Cost of Acquiring Information
Cost of Information ,[object Object],[object Object],[object Object],[object Object]
Types of Decisions ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Types of Decisions ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Simon’s Rational Decision Making Model ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
TYPES OF OUTCOME STAGES ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
AUTOMATED DECISION INFORMATION TO DECISION MAKER PROCESSOR Process Information in accordance with pre-determined DECISION RULES DATA BASE
Sales Forecasts Inventory Costs & Limits Customer Service Standards Procurement Lead Times, Costs Manufacturing Lead Times, Costs Transformation Lead Times, Costs Warehousing Lead Times, Costs Decision Rules Distribution Management System DATA BASE PROCESSO R INPUTS OUTPUTS ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],DISTRIBUTION DECISIONS OTHER MGMT. REPORTS
Types of Decisions ,[object Object],[object Object],[object Object],[object Object]
Group Decision Making ,[object Object],[object Object],[object Object],[object Object]
Strategic Planning ,[object Object],[object Object],[object Object],[object Object]
Types of Problems ,[object Object],[object Object],[object Object],[object Object],[object Object]
IS to Improve Decision Making ,[object Object],[object Object],[object Object],[object Object],[object Object]
IS to Improve Decision Making ,[object Object],[object Object],[object Object],[object Object]
IS to Improve Decision Making ,[object Object],[object Object],[object Object],[object Object]
Mis 002

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Mis 002

  • 1. Cost and Value of Information and Decision Making
  • 2.
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  • 4. Value Cost Increasing Time Lag Cost/value of information
  • 5.
  • 6. Level of Detail Cost of Acquiring Information
  • 7.
  • 8.
  • 9.
  • 10.
  • 11.
  • 12. AUTOMATED DECISION INFORMATION TO DECISION MAKER PROCESSOR Process Information in accordance with pre-determined DECISION RULES DATA BASE
  • 13.
  • 14.
  • 15.
  • 16.
  • 17.
  • 18.
  • 19.
  • 20.