Evaluating the Quality of Management Information
Evaluating the Quality of Management Information
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In our eReader you can find the full English version of the book. Read Evaluating the Quality of Management Information Online - link to read the book on full screen. Our eReader also allows you to upload and read Pdf, Txt, ePub and fb2 books. In the Mini eReder on the page below you can quickly view all pages of the book - Read Book Evaluating the Quality of Management Information
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In this case inventory integrates production rate. Below we investigate the effect of error, distortion, delay, and sampling in the information flow from sales rate (feedforward) and from inventory (feedback) in the structure of Figure 2. The investigation is performed by degrading the information in a simulation model and looking at the impact upon total costs. The simulation model and its cost functions are based upon the classic work by Holt, Modigliani, Muth, and Simon (13). The model diffe...rs somewhat from theirs. Most importantly, the cost functions are piecewise linear curves which fit the raw cost data better than do the quadratic functions used by Holt et. Al. In order to insure that the effect upon total cost of degradation in information quality are not due to poor decision rules, the decision rules used are the same for each test and are near optimal for perfect informa- tion. I can't claim them to be optimal because they were found using simulation. However, with the piecewise linear cost functions, the rule used is three percent cheaper than the Holt et.
What to read after Evaluating the Quality of Management Information?
You can find similar books in the "Read Also" column, or choose other free books by Carl V Carl Verner Swanson to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
In this case inventory integrates production rate. Below we investigate the effect of error, distortion, delay, and sampling in the information flow from sales rate (feedforward) and from inventory (feedback) in the structure of Figure 2. The investigation is performed by degrading the information in a simulation model and looking at the impact upon total costs. The simulation model and its cost functions are based upon the classic work by Holt, Modigliani, Muth, and Simon (13). The model diffe...rs somewhat from theirs. Most importantly, the cost functions are piecewise linear curves which fit the raw cost data better than do the quadratic functions used by Holt et. Al. In order to insure that the effect upon total cost of degradation in information quality are not due to poor decision rules, the decision rules used are the same for each test and are near optimal for perfect informa- tion. I can't claim them to be optimal because they were found using simulation. However, with the piecewise linear cost functions, the rule used is three percent cheaper than the Holt et.
What to read after Evaluating the Quality of Management Information?
You can find similar books in the "Read Also" column, or choose other free books by Carl V Carl Verner Swanson to read onlineMoreLess
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