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Title: Putting value of information theory into practice: a methodology for building sequential decision support systems
Author: Silvano Mussi
Journal: Expert Systems
Volume: 21
Number: 2
Pages: 92--103
Year: 2004
DOI: 10.1111/j.1468-0394.2004.00266.x
Abstract: The paper presents a methodology for building sequential decision support systems based on decision theory using value of information (for short, DT-VOI based SDSSs). DT-VOI based SDSSs support decision-makers in difficult problems of sequential decision-making. In particular we consider the problem of building DT-VOI based SDSSs which are capable of supporting decisions in critical situations where (1) making a decision entails knowing the states of some critical hypotheses, and such knowledge is acquired by performing suitable tests; (2) test outcomes are uncertain; (3) performing a test entails, in general, some drawbacks, so that a trade-off exists between such drawbacks and the value of the information provided by the test; (4) performing a test has the side-effect that it changes the expected benefit from performing other tests; (5) exceptional situations alter probability and utility default values.

Cited by 3  -  Google Scholar

@Article{mussi04a,
  author =	 {Silvano Mussi},
  title =	 {Putting value of information theory into practice: a
                  methodology for building sequential decision support
                  systems},
  journal =	 {Expert Systems},
  year =	 2004,
  volume =	 21,
  number =	 2,
  pages =	 {92--103},
  abstract =	 {The paper presents a methodology for building
                  sequential decision support systems based on
                  decision theory using value of information (for
                  short, DT-VOI based SDSSs). DT-VOI based SDSSs
                  support decision-makers in difficult problems of
                  sequential decision-making. In particular we
                  consider the problem of building DT-VOI based SDSSs
                  which are capable of supporting decisions in
                  critical situations where (1) making a decision
                  entails knowing the states of some critical
                  hypotheses, and such knowledge is acquired by
                  performing suitable tests; (2) test outcomes are
                  uncertain; (3) performing a test entails, in
                  general, some drawbacks, so that a trade-off exists
                  between such drawbacks and the value of the
                  information provided by the test; (4) performing a
                  test has the side-effect that it changes the
                  expected benefit from performing other tests; (5)
                  exceptional situations alter probability and utility
                  default values.},
  url = 	 {http://jmvidal.cse.sc.edu/library/mussi04a.pdf},
  doi = 	 {10.1111/j.1468-0394.2004.00266.x},
  cluster = 	 {919665289278202417}
}
Last modified: Wed Mar 9 10:16:18 EST 2011