Mass Media Information Validation Models for Decision Making

Information Acquisition for Decision Making: Information Source Models

The optimal decision making problem in situations characterized by uncertainty and availability of information sources is considered in a general setting. This gives rise to the need for a quantitative framework for the description of information exchange between the decision maker and information sources. Two companion papers established the first two parts of such a framework: the concepts of...

Information elicitation for decision making

Proper scoring rules, particularly when used as the basis for a prediction market, are powerful tools for eliciting and aggregating beliefs about events such as the likely outcome of an election or sporting event. Such scoring rules incentivize a single agent to reveal her true beliefs about the event. Othman and Sandholm [16] introduced the idea of a decision rule to examine these problems in ...

Information Use for Decision Making

How should we use information to make good decisions? Historically, the view has been that normatively superior decision making is the product of complex optimization processes that rationally consider and integrate all available information. Such optimization processes are well beyond the capabilities of mere mortals and in many cases are computationally intractable by any means. Fortunately, ...

Using Accounting Information in Decision Making of Hospitals Managers

Decision making process requires information. Accounting is the most important source of information. In 1998, the international federation of accountants issued a statement about the scope and using of accounting. It identified 4 stages for using accounting information: cost determination, planning and financial control, reduction of resources waste and creation the value. This study was desig...

A hybrid decision making system using DEA and fuzzy models for supplier selection in the presence of multiple decision makers