Decision Support Systems Wisdom

DSS Wisdom Index
Previous Page
Next Page

Alexis and Wilson, 1967

According to Alexis and Wilson (1967), "One of the fundamental information problems of large organizations is this: Information is costly, hence organizations must balance the gain from information against the cost of obaining it. Organizations thus seek to develop systems that generate information with many end uses (multi-purpose information systems). But many decision situations require specialized information, useful for that situation alone. This is costly to provide. To improve the quality of information where high information collection costs cannot be justified, managers must find ways to reduce collection costs." (p. 337)

from Alexis, M. and C. Wilson. Organizational Decision Making. Englewood Cliffs, NJ: Prentice-Hall, Inc., 1967.

appeared in DSS News, April 28, 2002, Vol. 3, No. 9