A methodology for the economic appraisal of management information

摘要

A procedure for the economic appraisal of management information is outlined. The methodology consists of the following four stages: the examination of management's information needs; the estimation of the value of the management information identified in the first stage; the determination of the cost of the management information identified in the first stage; the costbenefit analysis of the management information identified in the first stage. It is not intended by the author that these proposals should be considered a final methodology. They are a start towards a more formal approach, which is required because of the growth of information technology and the production of information within organizations.