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The Value of Information and Control
Bodily, Samuel E. Technical Note QA-0468 / Published August 31, 1994 / 3 pages.
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Product Overview

Using a simple example, this short note demonstrates how to place a monetary value on information and control. The monetary value is the change in expected monetary value due to the change in some action taken by the decision maker.




  • Videos List

  • Overview

    Using a simple example, this short note demonstrates how to place a monetary value on information and control. The monetary value is the change in expected monetary value due to the change in some action taken by the decision maker.

  • Learning Objectives