Premium
ECONOMIC EVALUATION OF MANAGEMENT INFORMATION SYSTEMS: AN ANALYTICAL FRAMEWORK
Author(s) -
CHERVANY NORMAN L.,
DICKSON GARY W.
Publication year - 1970
Publication title -
decision sciences
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.238
H-Index - 108
eISSN - 1540-5915
pISSN - 0011-7315
DOI - 10.1111/j.1540-5915.1970.tb00785.x
Subject(s) - computer science , management information systems , information system , risk analysis (engineering) , management science , information management , operations research , knowledge management , process management , business , economics , electrical engineering , engineering
This paper provides a framework for analyzing the ingredients involved in the economic evaluation of computer based management information systems (MIS). The approach presented revolves around viewing the development of MIS configurations as a series of economic decisions. These decisions are categorized into analysis decisions – what information should the MIS provide to management – and design decisions – what technology should the MIS employ to provide this information. Using this decision dichotomy, the types and sources of benefits and costs can be more accurately identified and evaluated.