NASA/DOD Aerospace Knowledge Diffusion Research Project. XXIV - A general approach to measuring the value of aerospace information products and servicesThis paper discusses the various approaches to measuring the value of information, first defining the meanings of information, economics of information, and value. It concludes that no general model of measuring the value of information is possible and that the usual approaches, such as cost/benefit equations, have very limited applications. It also concludes that in specific contexts with given goals for newly developed products and services or newly acquired information, there is a basis for its objective valuation. The axioms and inputs for such a model are described and directions for further verification and analysis are proposed.
Document ID
19930033514
Acquisition Source
Legacy CDMS
Document Type
Conference Paper
Authors
Brinberg, Herbert R. (Parnassus Associates International New York, United States)
Pinelli, Thomas E. (NASA Langley Research Center Hampton, VA, United States)
Date Acquired
August 15, 2013
Publication Date
January 1, 1993
Subject Category
Documentation And Information Science
Report/Patent Number
AIAA PAPER 93-0580
Meeting Information
Meeting: AIAA, Aerospace Sciences Meeting and Exhibit