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Information Measurement Model Based on Ordinal Utility

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2 Author(s)
Zhuang Weiqing ; Dept. of Manage. Sci., XiaMen Univ., XiaMen, China ; Liu Zhenyu

Information measurement is based on cardinal utility whether probability information measurement or grammatical information measurement, or uncertainty information measurement. But for managers, they care about the value of information for decision-making, not what quantity of information itself. The article uses ordinal utility theory to measure information, and to sort of information utility, thereby reduces the complex and cumbersome calculation process of information for decision-making in management.

Published in:

Future Computer Sciences and Application (ICFCSA), 2011 International Conference on

Date of Conference:

18-19 June 2011

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